By the end of the 18th century, Britain was the most advanced country in
Europe. The 19th century saw the spread of the Industrial Revolution.
Other European countries acquired the tools and skills needed to
revolutionise their economies. The United States also underwent an
industrial revolution in the 19th century.
Answer: B. If the market demand curve becomes more elastic, the firm's demand curve will become more elastic
Explanation:
Monopoly is a market structure whereby there is just one single supplier for a particular good or service. The monopolist controls the price.
We should note that the monopolist enjoys market power due to theofact that its product has an inelastic demand that is, a price change will have a minimal impact on the demand.
But the monopoly power will reduce in a case whereby the market demand curve becomes more elastic, then the firm's demand curve will become more elastic as well.
The Principle of Cross-Cutting tells us that a fault must be older than the rock it cuts. Cross-cutting in geology was formulated by Nicolas Steno, a Danish geologist in the mid-1600's. It is usually used in combination with radiometric age dating, which can tell the geologist how old the rock is.
The answer is C) <span>The economy took a downturn because of overproduction, declining stock markets, and deflation
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The Panic started due to economic problems in Europe, which reached the United States and impacted the The Northern Pacific Railway company, which then had an impact on government debt and eventually the failure of several banks.
Eventually, a chain reaction was created where jobs were lost, factories shut and a surge in unemployment.
The events started from the crashing of the Vienna Stock Exchange and eventually led to economic downturn in the great British Empire and the closure of the New York Stock Exchange for 10 days.
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