theres no answer choices butttt there are 3effects that explain the law of demand.
Income effect - As the price of a good increases, people purchase less quantity because they are limited by the amount of income they earn. Since it's not allowed to change, they are forced to purchase less.
Substitution effect - As the price of a good increases people purchase less quantity because they will switch to a now "relatively" cheaper substitute. The price of the substitute isn't allowed to change, so people buy more of it and less of the original.
Law of D.M.R. - As you acquire more of a good, the value of each unit decreases. Because the value is decreasing, so is the amount you are willing to pay leading to an inverse relationship between price and quantity demanded.
sorry its a long answer i dont mean to be that one person
Which English Renaissance poet, playwright, and actor utilized the concept of the "Greek tragedy" in many of his works?
C.William Shakespeare
Answer: To allow trade and transportation. To provide easy access to food and drink. To grow crops in rich, fertile soil.
Explanation: Rivers have fresh drinking water and the areas near them are fertile and fit for agriculture.
They were called the Patriots
Answer:
C, some of the men of the revolutionary war period
