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Suppose that at prices of $5, $4, $3, $2, and $1 for product Z, the corresponding quantities supplied are 7, 6, 5,4,3 units, res
Alchen [17]
Answer:
A)Improved technology for producing Z.
Explanation:
- which means automation of production, so when you will have mass production at low cost it will definitely result in a decrease of product cost.
- This shall consequently lead to an increase of the quantities of product Z produced because, the extra capital that comes from saving on the production costs shall be used to produce more goods.
- Since production shall have not cost any extra capital, the price shall remain constant.
Answer:
The main result from the increase of trade that followed the Crusades was the further development of several European and Middle Eastern cities, especially those with ports in the Mediterranean, and the development of closer ties between the two regions.
Cities like Venice, Genoa, Pisa, Amalfi, Constantinople and Accre benefited quite a lot from this new trade developments, and became, accordingly, some of the wealthiest areas of the region at the time.
Explanation:
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