A. Laissez-Faire capitalism is the separation of economy and state. By removing these taxes, the theoretical governor takes away the economic obligation of the tax from the people.
The answer should be B) Bronze age or the second option.
When the price of the good is above 50 dollars the quantity demanded would be less than 100 units.
<h3>How does price affect demand?</h3>
The price of a good is known to have an inverse relationship with the quantity of the good that would be bought by its consumers.
The equilibrium price and quantity is at 50 $ and 100 respectively. If the price of the commodity rises above 50, people would demand less for the good.
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