Answer: Market structures are conditioned by three main variables: number of producing companies in the market; product differentiation; barriers to entry for new companies.
In the goods and services market, the forms and markets according to these three characteristics are as follows: perfect competition, monopoly, monopolistic (or imperfect) competition, and oligopoly.
In the input market, the market forms are defined as perfect competition, imperfect competition, monopoly and oligopoly in the supply of inputs.
The slow economic growth helped in the promoting or calling for the creation of strong federal government. The views and opinions of the both Federalist and non- Federalist on the creation of government was different. The Federalists were in favor of building a "strong federal government" while on the other side the "Anti-Federalists" wanted to build a weak federal government with strong state government rights.
The federalists wanted to create a federal government who can promote or favored the rich and business persons which further result in the development in the economy.
<em>Kidney stones can stay in the kidney or travel down the urinary tract. A small stone may pass on its own, causing little or no pain. A larger stone may get stuck along the urinary tract. When a stone gets stuck it can block the flow of urine this causes severe pain and bleeding.</em>
I believe the answer is: in-elastic
A product is considered to be inelastic if the change in price do not or has very little impact of the product demand.
From the scenario above, we can see that even though the price drops, the percentage is still way below the amount of price icnreased (10% : 30%) , so we can consider the product to be inelastic.
