Joshua is currently consuming the optimal (utility-maximizing) quantities of tuna and ham when the price of tuna suddenly decreases. He will respond to this price change by increasing the consumption of tuna as his purchasing power will increase.
Whenever the price of a commodity is decreased, it increases the purchasing power of the consumer and hence the consumer will increase the demand of the goods as well. The consumer will be able to save more money as their expenses are reduced.
According to the law of demand and supply, demand and supply are related to each other and also affect the price of the commodity. The price tend to increase when the supply is lower than the demand and the price tend to increase when the supply exceeds the demand.
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Power <span>is the ability to manipulate, influence, or control other people or events. Power can be found in someone anywhere, doing anything. When a person posses power they have the ability to control people or tings around them in ways that others without power can not. Power is powerful and can be harmless or harmful to others depending on the situation. </span>
People first arrived in the Americas through Bering Strait. At the time the Strait was either partially frozen, so people could just walk, or very shallow, so people could travel with primitive boats.
