Think of it like this. If you could get a new cell phone for ten bucks, you'd want it, right? In fact, pretty much EVERYONE would want it. This means the quantity demanded will be high: more people want it. BUT, if it goes up to $1,000, I bet you wouldn't want it that badly! The quantity demanded will go down, because less people want to buy it. It's the same thing with the chocolate bar. Since the price goes up, the quantity demanded will go DOWN, because less people want to buy it now that it's more expensive. The student's answer is incorrect.
Answer: The student's answer is incorrect. Since the price goes up, the quantity demanded will go down.
England's southern colonies in North America developed a farm economy that could not survive without slave labor. Many slaves lived on large farms called plantations. These plantations produced important crops traded by the colony, crops such as cotton and tobacco.
And
Throughout the 17th and 18th centuries people were kidnapped from the continent of Africa, forced into slavery in the American colonies and exploited to work as indentured servants and labor in the production of crops such as tobacco and cotton.
The increased involvement of China and Japan in global interactions has boosted their national income, spurred trade, increase investment, promoted healthy development of their economy.
<h3>What is known as global interactions?</h3>
A global interactions emanates from globalization which means a process where an institution develop an international influence or start operating on an international scale.
For the country that include China and Japan, the increased involvement in global interactions has boosted their national income, spurred trade, increase investment, promoted healthy development of their economy.
Read more about globalization
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