Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
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DescriptionParticipation in social science refers to different mechanisms for the public to express opinions – and ideally exert influence – regarding political, economic, management or other social decisions.
American colonist resents British taxes mainly because <span>Americans did not elect representatives to parliament as people who lived in Great Britain did.</span>
Answer:
Economically, the population decrease brought by the Columbian Exchange indirectly caused a drastic labor shortage throughout the Americas, which eventually contributed to the establishment of African slavery on a vast scale in the Americas.
Explanation:
