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DIA [1.3K]
3 years ago
13

A company released a new video game system just in time for Christmas and many stores quickly sold out. Although the price of th

e system was only $350, they sold for over $2,000 on an online auction site. Which of the following economic principles best explains this event?
People respond to incentives because of self-interest.

The value of some objects increases relative to other objects.

The price of all goods will rise over time.

Competition among consumers increases prices.
History
2 answers:
Aloiza [94]3 years ago
7 0
The answer would be 'competition among consumers increases prices' because if there was a limited amount, if someone really wants that game, they'd pay more than usual when supplies sold out. 
masha68 [24]3 years ago
4 0

Answer:

I think that the answer is Competition among consumers increases prices.

Explanation:

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ozzi

Answer:

I forgot the correct name for it but the first box is First Hand, and the second box is First Person.

Let me know if I'm wrong.

5 0
3 years ago
What was the primary way the farms in the south differed from those in the north ?
ehidna [41]

The primary way that farms in the south differed from those in the north is because the farms of the south raised cash crops using a plantation system.

Further Explanation:

In colonial America (1600-1775), slave labor was used throughout the 13 American colonies. In the North, slaves were used in industries such as shipbuilding. In the South, slaves were used for planting cash crops like tobacco, rice, and indigo.

Once America became independent and started developing its own rules, the views on slavery changed. After 1800, some states started to outlaw slavery while other states kept it. One of the biggest changes was that Southern states focused predominantly on growing one extremely important cash crop, cotton. America became the largest exporter of cotton in the world.

Despite the economic success, slavery brought with it many negative effects such as the mistreatment of African Americans, fights between abolitionists and pro slavery citizens, etc.

Ultimately, this institution would be one of the main factors in sparking the Civil War.

Learn More:

Slavery during the Civil War- brainly.com/question/9389078

Key Details:

Topic: American History

Grade Level: 7-12

Keywords: cash crop, slavery, plantation

3 0
3 years ago
Read 2 more answers
HURRY I NEED THIS IM DOING A TEST
wel

Answer:

b. Northerners felt slavery was an economic disadvantage to white people also.

Explanation:

It's obviously B, the other ones are true!

(p.s. also I just saw this randomly... I hope you get a good grade on your test lol)

7 0
3 years ago
Read 2 more answers
Who establishes governments, and why do you think Jefferson feels the need to point this out here?
sertanlavr [38]

Answer:

Jefferson writes that the purpose of the government is to protect inalienable rights.

Explanation:

The establishment of government is necessary for a country to maintain a society which secures every citizen with their inherent rights, and promotes safety and happiness. Jefferson points out the purpose of the government is to deals with the rights of the people in society. He also further mentions about securing inalienable rights, including life, liberty, and the pursuit of happiness.  He says that if the government failed to give the right to people, then the citizens have the right to overthrow the government.          

5 0
4 years ago

Zielflug [23.3K]

I think the answer would be manufacturing industry .

8 0
3 years ago
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