theres no answer choices butttt there are 3effects that explain the law of demand.
Income effect - As the price of a good increases, people purchase less quantity because they are limited by the amount of income they earn. Since it's not allowed to change, they are forced to purchase less.
Substitution effect - As the price of a good increases people purchase less quantity because they will switch to a now "relatively" cheaper substitute. The price of the substitute isn't allowed to change, so people buy more of it and less of the original.
Law of D.M.R. - As you acquire more of a good, the value of each unit decreases. Because the value is decreasing, so is the amount you are willing to pay leading to an inverse relationship between price and quantity demanded.
sorry its a long answer i dont mean to be that one person
The appropriate response is Valley Forge. It was not the best place to set up winter camp for the Continental Army, as it was not able to shield southern Pennsylvania at the time. This area additionally left the defenseless under-provided armed force in the striking separation of the British, who were very much provisioned and secured in Philadelphia.
Answer:
Monopolies hinder competition because by definition, they are anti-competitive.
Explanation:
A monopoly is a firm that is the sole provider of a good for which there are no close substitutes.
Monopolies charge higher prices than they would in a competitive enviroment, and for this reason, they benefit the monopoly at the expense of the consumers.
Governments can set several policies to reduce monopoly power. One policy is simply to prohibit monopolies from forming, which is the case for most industries in developed nations.
Another policy is to simply take over the monopoly, and make it a public enterprise, so that the extra economic benefits of the monopoly are shared with the people (at least in theory).
Answer:
As for Britain's response, it was initially no more than the dropping of anti-Nazi propaganda leaflets—13 tons of them—over Germany. They would begin bombing German ships on September 4, suffering significant losses. ... France would begin an offensive against Germany's western border two weeks later.
The statement that does not accurately describe the Hundred Years' War is that the new armor gave mounted French Knights a big advantage over English foot soldiers. This was the war which showed that the mounted army had lost dominance. numerous mounted French knights lost their lives to the English archers.<span />
