The quantity demanded fall because the price increased. Here the goods follow the Law of Demand.
According to the Law of Demand, whenever there is an increase in price of a commodity then the demand for that commodity decreases. This is also true vice-versa. The price and demand for the commodity shares an inverse relation.
There are many things which determine a demand like income of a consumer, preferences to buy a product and making a decision to buy a substitute for a product.
The questions regarding the supply of a product matching its demand in the market and setting the market prices are all answered by the law of demand and supply.
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Answer: Ethnocentrism
Explanation: Ethnocentrism is the view held by members of a culture that the values and ways of one's own group are superior. All other cultures are inferior and apply
one's own cultural values in judging the behavior and beliefs of people raised in other cultures.
Because they are required to pay high amount of taxes money if they have large farmland.
<span>She was most clearly focused on satisfying the primary needs. The
theory of the pyramid of Maslow's needs indicates that the human being
focuses on solving a basic need before moving on to a more specific
need. <span>He places the primary needs in the lower part of the
pyramid, such as food or security, once this need is replaced, a more
complex need is introduced, such as the acquisition of knowledge.
I hope my answer can help you.
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