Price changes send contrasting messages to consumers and producers about whether to enter or leave a market. Rising prices give a signal to consumers to reduce demand or withdraw from a market completely, and they give a signal to potential producers to enter a market.
Answer:
D
Explanation:
The British textile industry triggered tremendous scientific innovation, resulting in such key inventions as the flying shuttle, spinning jenny, water frame, and spinning mule. These greatly improved productivity and drove further technological advancements that turned textiles into a fully mechanized industry.
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Abraham Lincoln was the 16th president
1) 1712- first steam engine is invented
2) 1757- British victory in the Battle of Plassey
3) 1764 -invention of the spinning jenny
4) 1771 -Richard arkwright opens his first factory at Cromford
5) 1789 -Samuel Slater leaves for America
6) 1794- Eli Whitney patents the Cotton Gin