The answer is<u> "a good with an elastic supply"</u>
A good or service has an elastic supply when the rate change in the amount provided surpasses the rate change in cost. By and large the supplier can react rapidly to a value change.
Elasticity of supply is estimated as the proportion of proportionate change in the amount provided to the proportionate change in cost. High elasticity demonstrates the supply is touchy to changes in costs, low elasticity shows little affectability to value changes, and no elasticity implies no association with cost. Likewise called value elasticity of supply.
Answer:
The correct option is C
Explanation:
The capital was well positioned near active trade routes connecting east and west. The Byzantine economy was among the most robust economies in the Mediterranean for many centuries. Constantinople was a prime hub in a trading network that at various times extended across nearly all of Eurasia and North Africa. The state strictly controlled both the internal and the international trade, and retained the monopoly of issuing coinage.
Are there any multiple choice answers??? Or like... is it just from the text or??
Answer:
Trans-Sahara trade is one of the oldest trading networks in Africa.
Explanation:
The trading network requires to travel across the Sahara between sub-Saharan Africa and North Africa. Existing since prehistoric times, it reached its peak in the 8th century. In West Africa, the changes came in Ghana when the Almoravids sacked the city and the Ghāna Empire decline.
Mali rise in the 13th century as gold became the core of the trans-Saharan trade. The Trans-Sahara trade saw the rise of empires like Mali, Songhay, and Bono-Mansu. Expansion of urban centres and towns happened as Kano became one of the urban centres in West Africa. Trade also saw the rise of trading classes call the Wangara.
