With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.
Explanation:
Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.
Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.
We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.
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Answer:
- <u>Intelligence an equally distributed phenomena:</u>
Lets say that an overall population gets an equal share of intelligence to deal with things, then we must expect the term<u> meritocratic system</u> to follow up while the individuals who are analyzed in the field of education.
Explanation:
- As, if the capacity of all the people inside a given population acquires an equal share of intelligence, irrespective of there race, ethnicity, and the language they speak then we would expect there analyses in a meritocratic system.
- An illegitimate and unjustifiable educational inequalities will be there among the masses, as if the intelligence differentials at birth were made independent of the races and the languages the individuals speaks.
Good diplomatic relations with other countries is the key to prosperity of each nation. Every nation has its strong and weak points. Some nations have a strong infrastructure and finances while others are gifted with natural resources. A good diplomatic relation with nations helps each nation to progress and grow- thanks for the points
<span>Bandura's concept of self-efficacy and rotter's concept of locus of control are similar in that both theories recognize that the power to succeed in any situation ultimately lies on the ability of the individual to shape the situation. Although outside forces have an impact on our lives, how we react will determine the outcome from situations we find ourselves in.</span>
