Explanation:
In the question above, the white line that downslope indicates the demand
Since we are given the quantity as 24 while the price is $5
The downslope of the white line says that the quantity of goods demanded is high and the price of that commodity will decrease and vice versa ( That's the law of demand)
The black slope is upward indicating the supply
where the price is $5 and the quantity supplied is 24
Therefore the upward slope indicates that the higher the price, the higher the quantity of goods that are being supplied, and vice versa ( That's the law of supply )
A celebrity commercial encouraging reading (D) may occur as a result of a decrease in the price of laptop computers. This is because, with laptops being less expensive, more people would be buying them and therefore spending their time on the computer instead of reading. Education organizations and those in the book industry would want to promote reading as an alternative in order to keep their jobs.
Hope this helped :)
In a way it was because it truly affected the way of life
not only economically but socially. The
American Revolution only had a political change but the Market Revolution
touched a lot of aspects in the lives of the people due to the sudden shift
from agriculture to capitalism brought about by the Industrial Age.
