Answer:
D. the greater the availability of close substitutes.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Goods that are inelastic in demand are usually consumer-essential goods for which there are few substitution options, such as a cancer drug. On the contrary, elastic goods are those whose price variations diminish the demand for a range of substitute goods. For example, if the price of rice goes up, people may demand spaghetti, which is a substitute good.Therefore, goods with a large number of substitutes tend to have price elastic demand.
Answer:
In simple words, Roughly three crore citizens perished in China's drought of 1958-61. India, on the other hand, did not experience a drought as China did. The cause for this was the disparity between the two countries' economic policies. India's constitutional government reacted to the food crisis in a way that China's did not.
A convergence of progressive agricultural strategies, societal expectations, massive corruption, and natural catastrophes including such drought conditions and flooding in agricultural regions contributed to the Great Chinese Famine.
Answer:
Probably the Revolutionary War, this was mainly caused because the colonists were REALLY tired of the British taxing them and treating them really badly without representing them back in England.
Explanation:
Hope that helps!
Answer:
This question is incomplete
Explanation:
The question is incomplete because of the lack of a letter (with missing words that need to be filled in).
The question asks to give synonyms and antonyms to adjectives in a letter.
A synonym is a word that is similar to the word given (eg. small, tiny, minuscule, mousy).
An antonym on the other hand, is a word that means the opposite to the word given (small, big; finite, infinite; tall, short).
An adjective is simply a word used to describe a noun (any of the synonyms or antonyms mentioned above are adjectives).
