If the price of Sprite increases, the demand for a substitute good like 7-up will increase too, because people will seek for a substitute product to replace Sprite.
<u>Law of demand</u> explains the higher the price of a good, the less people will demand it (or avoid it), and will seek others to replace it.
Answer:
The correct answer is A) It would drive down American wages by allowing companies to
more easily shift production to Mexico.
Explanation:
Europe had fallen into a state of constant warfare
<span>an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.</span>
