With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.
Explanation:
Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.
Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.
We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.
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<span>The closest to perfection would be an interdependent Confederation of societies, each containing between one and two hundred citizens, depending upon factors such as location and climate. These villages would be more or less evenly distributed across the globe, having access to roughly equivalent amounts of arable land. Thirty per cent of all land would be designated wilderness, and no societies would be allowed to colonise these areas, but antisocial individuals would be free to inhabit the wilderness following a life-style of total lonesomeness.</span>
Answer:
Flexible
Explanation:
The ability for flexible thinking tend to allow these people to find solution to problems that is deemed as unconventional since they tend to see things with different perspective rather than the already established schema.
Most of the time, the product of their creativity and thinking cannot be directly accepted by general public, but their product still important for the advancement of our society.
C? Don't hate me if I'm wrong. I'm not like a history teacher of anything.
The correct answer is C) Free Trade.
<em>Compared to protectionism an opposing goal of economic foreign policy is free trade.
</em>
Free trade is the opposite of protectionism. Free trade welcomes the exchange of products and services among countries, eliminating or reducing the imports and exports tariffs, and eliminating special tariffs to the products.
The best example of Free Trade in the world is the Free Trade Agreement between Mexico, Canada, and the United States. This free trade agreement has helped the three countries to create more jobs and to improve their economies.
