Answer:
D. the greater the availability of close substitutes.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Goods that are inelastic in demand are usually consumer-essential goods for which there are few substitution options, such as a cancer drug. On the contrary, elastic goods are those whose price variations diminish the demand for a range of substitute goods. For example, if the price of rice goes up, people may demand spaghetti, which is a substitute good.Therefore, goods with a large number of substitutes tend to have price elastic demand.
The Olive Branch Petition was a last-minute attempt by members of the American colonies to avoid war with Great Britain by declaring their loyalty to the British Crown. However, the petition still asserted the rights outlined in the Declaration of Independence, and King George III formally declared the colonies to be in rebellion.
Answer:
A. regulation of the railroad industry
A. The box will move faster to the left.
Answer:
The five challenges faced by Nkrumah were:
- Hostility from the opposite party members.
- Nkrumah had to learn the art of leading a government.
- To convince the British for CPP's program.
- To build the nation in midst of colonialism.
- And, economic conditions of the nation.
Explanation:
Kwame Nkrumah was a prominent figure of South Africa. He became the first African-born Prime Minister and President of Ghana, Africa. He led the Ghana to independence from Britishers in 1957. Ghana was the name for four states, Gold Coast, Ashanti, the Northen Territories, and British Togoland, that joined together under the bold leadership of Nkrumah.
<u>There were several challenges faced by Nkrumah government.</u> First, was that Nkrumah was not aware of politics, so he had to learn the art of leading a government. He faced the hostility of opposite party members, who were more local focused. He had to convince the British that Convention People's Party (CPP) was beneficial and inevitable. He also had the challenge of building a nation when the neighbouring states were under Britishers, in midst of colonialism. He also had the challenge of economics, as the policies he made did not prove to economically benefitting.
