Think of it like this. If you could get a new cell phone for ten bucks, you'd want it, right? In fact, pretty much EVERYONE would want it. This means the quantity demanded will be high: more people want it. BUT, if it goes up to $1,000, I bet you wouldn't want it that badly! The quantity demanded will go down, because less people want to buy it. It's the same thing with the chocolate bar. Since the price goes up, the quantity demanded will go DOWN, because less people want to buy it now that it's more expensive. The student's answer is incorrect.
Answer: The student's answer is incorrect. Since the price goes up, the quantity demanded will go down.
Answer:
Explanation:
The U.S. entered World War because Germany embarked on a deadly gamble. Germany sank many American merchant ships around the British Isles which prompted the American entry into the war.
An economy that is based on mining or producing raw materials to be used in foreign industries is called an "extractive economy", since it is "extracting" such resources. It can also be called a "resource-based" economy.
D. Higher prices Is the answer
