This statement is WRONG.
The supply curve is an upward-sloping function that determines the relationship between price and quantity supplied. Therefore, if the quantity supplied changes, this would trigger <u>a movement along the curve (and not a shift!). </u>
- An increase in the quantity supplied corresponds to an increase in the selling price of the product. Producers are willing to supply larger quantities when the price is higher. This proves why the slope of the curve is positive.
- On the contrary, a decrease in the quantity supplied corresponds to a decrease in the price.
I don't know the answer choices but I do know that scarcity is a lack of a certain resource. This resource, which there is not a lot of, then costs more. The less there is of something, the harder it is going to be to get it.
the use of the Internet for everything
the change from business to casual wear
the young age of internet users the benefits of shopping online
the shift of retail from storefronts to devices
Answers are A and E
<span>Trade was the key in developing Britain's global empire and dominance. It opened Britain up to lucrative new markets, though which it could sell its domestically produced value-added goods (especially after the beginning of the Industrial Revolution) while importing luxury and exotic goods to drive its wealthy population. Additionally, the importance of trade and the resulting need to secure trade routes drove Britain to develop the world's most powerful navy, which in term secured its global power during its era of dominance.</span>
