Answer:
Suggests that these are substitute goods
Explanation:
Demand cross elasticity measures the percentage change in the quantity demanded of a good given a percentage change in the price of another substitute good. Thus, the calculation of elasticity being 2, suggests that a percentage increase in the price of one store will increase the demand for products of the other store. In other words, a 1% increase in the price of one store will cause consumers to buy two units in the other store, replacing the store product whose price has increased.
Merchants believed that they would make larger profits if they found a sea route because it would be faster and they could trade more goods.
Some consequences could be:
- Loss of work
- Removed from class
- Could remove you from your school.
Answer:
It is movement of waves that may carry sand, shells, and different things in the ocean because of its movement.
Explanation:
Answer:
(A) High context culture
Explanation:
High-context cultures are those that communicate in ways that are implicit and rely heavily on context. In contrast, low-context cultures rely on explicit verbal communication. High-context cultures are collectivist, value interpersonal relationships, and have members that form stable, close relationships
