With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.
Explanation:
Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.
Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.
We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.
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Answer:
Muslims wear ihram when they circumbulate the ka'abah
Answer:
Depends!
Explanation:
It depends on what part of Colonial America you were talking about. Places like New York and the Southern colonies were typically more aristocratic, where the colony was run by a small elite number of wealthy landowners. Pennsylvania was run by the Quaker oligarchs, who held a firm control over the colonial government.
The two most "democratic" societies in Colonial America were the New England colonies and in the backcountry. Local government in New England was practiced through a "Town Meeting", where residents would get together to discuss and vote on various issues. In the backcountry, where colonial authority tended to be weak, society tended to be more egalitarian, and settlers had to work together in order to stay alive and prosper.
The assumptions are that if you cut taxes and costs for companies, then the company owners and investors will be able to bring about the growth of economy and employ more pepople. The benefits were that the economy entered a peacetiime and people were generally living better. The bad side was that public debt increased by a lot and this would come back to haunt the people later after Reagan was long gone.
Answer: Boycotting basically
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remain heartless
