They all relate to law of demand by showing that as the quantity of something goes down the price of that item will go up.
The substitution impact of a price increase is the transfer to different goods which have emerge as a quite good buy. The income effect of a fee increase is the change in consumption that results from the decrease in the buying power of customers' earnings.For normal goods, the income effect and the substitution effect both paintings inside the equal direction; a decrease inside the relative price of the coolest will increase amount demanded both because the good is now cheaper than replacement goods, and because the decrease price method that customers have a extra overall buying energy. The effect that a trade within the charge of a product has on a client's real income and consequently on the amount demanded of that good.
The regulation of diminishing marginal application applies to business in that it's miles closely connected to the law of demand. That regulation states that as income decreases, consumption increases and that as income increases, consumption decreases.
Learn more about Income effect here:-
brainly.com/question/1416285
#SPJ4
Answer:
Explanation:
Some of those who were enslaved and transported in the transatlantic slave trade were people from Central and West Africa that had been sold by other West Africans to Western European slave traders, while others had been captured directly by the slave traders in coastal raids;[2] Europeans gathered and imprisoned the enslaved at forts on the African coast and then brought them to the Americas
Answer:
Correct answer is gate of the gods
.
Explanation:
Ancient Babylon was one of the largest and most important cities in Mesopotamia. It was a royal capital of many countries.
The name gate of the gods is derived from Akkadian language, although the version we are using is Greek.
Of course all other options are therefore wrong.
A.shogun,daimyo,samurai,merchant
