With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.
Explanation:
Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.
Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.
We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.
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Answer:
D. History of man
Explanation:
The fifteenth century Italian humanists used the term Studia humanitatis to denote the scholarly and secular literary activities which that they thought to be essentially classical and humane studies. Rhetoric, poetry, moral philosophy, ancient Latin and Greek studies were known as Studia humanitatis.
the revival of the study of the classical antiquity in Italy and western Europe in the 14th, 15th and 16th century was known as Renaissance humanism. It started in Italy and later spread to western Europe.
Humanism is contemporary to that period that emphasised the agency and value of human beings. It prefers evidence and critical thinking over acceptance of dogma or superstition.
In the North Korean government, the Cabinet is the administrative and executive body. ... The judicial system is theoretically held accountable to the SPA and the ... Under the new constitution, North Korea is a socialist state representing the ... Although the WPK is (in theory) organizationally similar to communist parties
Answer:
It's important because she is the very first women to be a Vice president. The impact around us is that she is trying to add more hours onto school time along with having more homework.
Explanation:
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