<span>The rising price of gold causes people to buy silver jewelry instead.
substitution effect
</span><span>When the price of chicken increases, families reduce their chicken intake substantially.
income effect
</span><span>A new factory in a village provides livelihoods for the villagers.
positive externiality
</span><span>A new factory in a village causes noise pollution.
negative externiality
</span>
Answer:
<h3>The correct answer would be the doctrine of federal preemption.</h3>
Explanation:
Clause II of Article VI of the U.S. Constitution states that federal law is the "supreme law of the land." It implies that every judge of state and other courts must follow the federal laws of the Constitution.
This clause, often termed as Supremacy Clause, allow federal laws to preempt state laws, even when both the state and federal governments have concurrent authority over a particular subject.
The doctrine of federal preemption simply implies that higher court may arrogate the law of a lower court if the two authorities come into conflict.
