They all relate to law of demand by showing that as the quantity of something goes down the price of that item will go up.
The substitution impact of a price increase is the transfer to different goods which have emerge as a quite good buy. The income effect of a fee increase is the change in consumption that results from the decrease in the buying power of customers' earnings.For normal goods, the income effect and the substitution effect both paintings inside the equal direction; a decrease inside the relative price of the coolest will increase amount demanded both because the good is now cheaper than replacement goods, and because the decrease price method that customers have a extra overall buying energy. The effect that a trade within the charge of a product has on a client's real income and consequently on the amount demanded of that good.
The regulation of diminishing marginal application applies to business in that it's miles closely connected to the law of demand. That regulation states that as income decreases, consumption increases and that as income increases, consumption decreases.
Learn more about Income effect here:-
brainly.com/question/1416285
#SPJ4
Answer: Reading the contract before borrowing money.
Another name for the enlightenment era is the age of reason.
Answer:
The island became an imperial colony in 1509 when Spain conquered the Indigenous Arawak people. In 1655, British forces took the island with hardly a fight, and the British Empire claimed it. Over the years, escaped slaves joined Indigenous survivors in the mountains, forming a society known as Maroons. Maroons won a war against British forces (1728–1740) but lost a second war (1795–1796). In the 1800s, slavery was abolished and Jamaicans gained suffrage, although the British still held power. Early in the 20th century, Marcus Garvey promoted Black nationalism and became the most notable Black leader of his day. During the Great Depression, workers protested inequality and fought the authorities in Jamaica and other Caribbean colonies. In 1943, labor leader Alexander Bustamante won an electoral victory and established a new, more liberal constitution. After World War II, Jamaican leaders developed the government structure to prepare for independence. In 1962, Bustamante’s party won the election and he became premier. That same year, the UK Parliament officially granted Jamaica independence, and Bustamante became the independent country’s first prime minister.
Answer:
C.
Explanation:
One of France's greatest natural resources is its deep veins of coal used to generate 90% of France's electricity. The discovery and implementation of coal in France is what helped them enter the Industrial Revolution in the mid-19th century. It also played a hugely important role in during World War 1 and helped propel France towards becoming a "superpower" during the War. This was largely due to their increased production that was possible due to their vast coal resource.