Answer:
- decreases, decreases
Explanation:
Initially travel supply and demand have their equilibrium at the intersection between the supply curve (green) and the demand curve (red) where price is P1 and quantity is Q2. When demand decreases, the quantity demanded decreases to Q1. By the law of supply and demand, when demand decreases the price tends to fall. This is what happens on this chart, where decreasing demand leads to decreasing price, now the new price is P2. Thus, the new equilibrium is the result of decreasing demand quantity and price and is established by crossing the supply curve (green) and the new demand curve (purple) at points P2 and Q1.
To reward settlers for their service to the Crown, Spain established the encomienda system. It gave settlers the right to tax local Native Americans or to make them work. In exchange, these settlers were supposed to protect the Native American people and convert them to Christianity.
Answer:
(D). Potential development of substitute products and bargaining power of consumers
Explanation:
According to Michael Porter, <u>there are five forces that should be analyzed to determine the degree of competitiveness in any industry</u> and they include; the bargaining power of suppliers, the bargaining power of consumers, threat of new entrants, threat of substitute products and the rivalry among competing firms in the industry.
As a slave ship captain, John Newton would read passages from the bible and often used it as a basis to do punishment to the slaves.But over period of time, John Newton <span>realized the devastating effects on Africans and started to take a stand against it. He began to spread a lot of anti-slavery pamphlets in his hometown in his fight to abolish it</span>
