Answer:
Option D is correct
Explanation:
There is no well substantiated explanation of the theory which has been confirmed by series of standard experiment and observation.
Joshua is currently consuming the optimal (utility-maximizing) quantities of tuna and ham when the price of tuna suddenly decreases. He will respond to this price change by increasing the consumption of tuna as his purchasing power will increase.
Whenever the price of a commodity is decreased, it increases the purchasing power of the consumer and hence the consumer will increase the demand of the goods as well. The consumer will be able to save more money as their expenses are reduced.
According to the law of demand and supply, demand and supply are related to each other and also affect the price of the commodity. The price tend to increase when the supply is lower than the demand and the price tend to increase when the supply exceeds the demand.
To learn more about purchasing power here
brainly.com/question/14892961
#SPJ4
Answer:
you can do it if you want
“The region's people are largely poor even though their countries have many resources” is the statements best summarize current challenges facing countries in the Tropical North of South America.
Answer: Option C
Explanation:
The countries of the region faced economic challenges. Among the challenges were developing and controlling resources, building roads and railroads, and establishing trade links. Before independence, the countries of the region depended economically on Spain and Brazil.
After independence, the economies of place remained tied to countries outside South America. Wealthy landowners, cattle grazers, and mining operators refused to surrender their ties to European investors.
Beginning in the early 1900's, large U.S. As the economy increased, profits developed for wealthy landowners and multinational companies. But many workers and farmers and their families remained mired in poverty
.
