The given scenario is related to centripetal force and economic force.
<h3>What are Centripetal forces in Economics?</h3>
Centripetal forces withinside the monetary dimension unite a country by making sure the populace that there are enough resources to aid the long-time period balance of the state. A satisfactory infrastructure might be a centripetal force in a state.
The migration of Thai and Sri Lanka citizens to Dubai in search of work will lead to an increase in economic force in the city.
Hence we can conclude that the given scenario is related to centripetal force and economic force.
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When a product is elastic, a change in price quickly results in a change in the quantity demanded. When a good is inelastic, there is little change in the quantity of demand even with the change of the good's price. ... If the market price goes up, firms are likely to increase the number of goods they are willing to sell.
The correct answer is Lake Baikal
