The "law of demand" is described as a "law" because, like the law of gravity, it describes a predictable pattern in how our world works. Let’s say you've decided to buy a shirt you really like because it's on sale. In fact, because this price is so good, you decide to buy two shirts in different colors. What would be the benefit to you of doing this? Why do you think that, over and over again, people are more likely to buy something (or more of something) when the price is lower? In your answer, discuss a real life example.


PLEASE HELP! 45 POINTS.

Answers

Answer 1

Answer:The law of demand states that there is a direct relationship between the price of a good and the demand for it. In particular, people generally buy more of a good when the price is low and less of it when the price is high. This is a general rule that applies to most goods called normal goods. As the price of a normal good increases, people buy less of it because they are usually able to switch to cheaper goods. An example is butter, which can be substituted for margarine when the price of butter increases. However there are certain goods that defy this general rule. One such category of goods is called "Giffen goods". With "Giffen goods", there are no cheap substitutes and these goods are so important to the livelihood of the consumer that he devotes overwhelmingly more of his income towards its purchase when the price increases. "Giffen goods" are extremely rare but one popular historical example of this phenomenon is potato during the Irish potato famine in the mid 19th century. It has also been suggested that gasoline may be an example of a modern day "Giffen good".

Explanation:

Answer 2

Answer:

One such category of goods is called "law of demand".The law of demand states that there is a direct relationship between the price of a good and the demand for it. This is a general rule that applies to most goods called normal goods. It has also been suggested that gasoline may be an example of a modern day "law of demand". With "law of demand", there are no cheap substitutes and these goods are so important to the livelihood of the consumer that he devotes overwhelmingly more of his income towards its purchase when the price increases.

Explanation:

Edge 2020

The "law Of Demand" Is Described As A "law" Because, Like The Law Of Gravity, It Describes A Predictable

Related Questions

What did the Confederate States of America do when some southerners hesitated to leave the Union?
The Confederacy gave their support to President Abraham Lincoln
The Confederacy prohibited the importation of slaves.
The Confederacy offered the Crittenden Compromise

Confederacy named moderate Jefferson Davis as its President.​

Answers

Answer:

The correct answer is D) Confederacy named moderate Jefferson Davis as its President.​

Explanation:

While there were clear differences emerging between the North and the Southern States, not everyone was eager or willing to leave the Union, not least because of a lack of clear vision and leadership.

Jefferson Davis was an early supporter of the confederation and originally wanted to server as the commander-in-chief of the confederate army.

However, he had strong support among many confederate leaders who saw him as a likable, moderate personality that will help bring everyone together.

Answer:

The correct answer is D. Confederacy named moderate Jefferson Davis as its President.​  I just took a quiz :)))))

Explanation:

How many departments did George Washington have

Answers

Answer:  In the first year of George Washington's presidency, only three executive departments were set up. These were the Department of State, the Department of the Treasury, and the Department of War. Washington selected secretaries for each of these positions.

Explanation:

Currently presidential cabinet includes sixteen members but George Washington's cabinet included just four original members: Secretary of State Thomas Jefferson, Secretary of Treasury Alexander Hamilton, Secretary of War Henry Knox, and Attorney General Edmund Randolph.

Final answer:

George Washington established three federal departments during his presidency: the Department of State, the Department of War, and the Department of Treasury.

Explanation:

President George Washington initially established three federal departments: the Department of State, the Department of War, and the Department of Treasury.

The Department of State focused mainly on foreign policies and diplomacy, the Department of War was responsible for military affairs, and the Department of Treasury oversaw national finances. Washington created these departments to help manage the tasks of the newly formed government.

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How was the railroad industry affected by mass production?


The high volume of mass production made the use of time zones unnecessary.


Railroads, once built by hand, were now built entirely by machines.


Mass production encouraged new methods for railroad administration.


Increased factory production resulted in a growing need to transport more goods.

Answers

Answer:

increased factory production resulted in a growing need to transport more goods.

Explanation:

needed quicker more effective ways of transportation to increase their profits.

Answer:

Increased factory production resulted in a growing need to transport more goods.

Explanation:

Once the Railroads were developed and completed around America, transport of goods were easier and faster than before, factories that needed goods to produce products would receive them in less time than before. Goods would be transported to all corners of the country in a fast velocity. All of this created a commerce boom, people would more things, more things would be produced and more money would be earned. This caused a great economy boost.

What is Cuneiform writing? What is its historical importance?

Answers

Answer:

Cuneiform is a system of writing first developed by the ancient Sumerians of Mesopotamia c. 3500-3000 BCE. It is considered the most significant among the many cultural contributions of the Sumerians and the greatest among those of the Sumerian city of Uruk which advanced the writing of cuneiform c. 3200 BCE.

Explanation:

Answer:

Cuneiform= a carefully cut writing implement known as a stylus is pressed into soft clay to produce wedge-like impressions that represent word-signs

Explanation:

All of the great Mesopotamian civilizations used cuneiform until it was abandoned in favor of the alphabetic script at some point after 100 BCE.

In 1803, a team of explorers set out to study lands west of the Mississippi River. Imagine you are taking this same journey today. How might your experience be different from that of those early explorers? How might it be similar? Explain your answer in three or four sentences.

Answers

Answer: My experience would be different than the early explorers. The lands west of the Mississippi have actual roads and highways now. Back then, it was all unknown territory and hadn't really been discovered yet. It was a wild place. Today, it's all known territory. It could be similar because I could still explore and meet new people and new places. Explanation: This is what I put. Hope this helps!

According to My experience would we are different than the early explorers.When The lands west of the Mississippi have been actual roads and also highways now. So after that, Back then, it was all unknown territory and also hadn't been discovered yet. It was like a wild place. Now after that today, it's all known territory. It could have been similar because I could still explore and also that meet new people and new places.

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What was the greatest cause of death among American Indians?​

Answers

Cancer (most commonly lung cancer) was the greatest cause of death along Indians.

Hope this helps!

Answer:

The greatest cause of death among American Indians was disease.

Explanation:

The disease ThaT killed a loT of American Indians was congenital malformations.

(sorry for The T Thing. My key T doesn'T work unless I make iT capiTal. I have To geT iT fixed)

Who did Franklin D. Roosevelt persuada to approve the establishment of the Executive Office of the President in 1039

Answers

Answer:

He had to persuade Congress.

Explanation:

Final answer:

The U.S Supreme Court, influenced by public opinion and the pressing needs of the Great Depression, granted Franklin D. Roosevelt's request to establish the Executive Office of the President in 1939.

Explanation:

This request initially faced challenges due to perceived overreach of presidential authority by the Supreme Court, which had previously overturned similar legislative proposals. However, due to the urgent demands of the Great Depression, as well as popular public opinion supporting strong government intervention, the Supreme Court shifted direction. The approval for the establishment of the Executive Office came from the Supreme Court, which reflected the widespread public support of the president's initiatives to tackle the economic turmoil of the time.

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Which of the following describes a satellite nation ? A.)nations in dept to the world banks B.) nations that belonged to NATO C.) nations west of the iron curtain D.) nations dominated by the Soviet Union

Answers

A satellite state is a country that is formally independent in the world, but under heavy political, economic and military influence or control from another country.

The correct option would be D.) Nations Dominated By The Soviet Union.

The following describes a satellite nation dominated by the Soviet Union. The correct option is d.

What is a satellite?

A satellite or artificial satellite is an object intentionally placed into orbit in outer space. Satellites have a variety of uses, including communication relays, weather forecasting, navigation (GPS), broadcasting, scientific research, and Earth observation. Additional military uses are reconnaissance, early warning signals intelligence and, potentially, weapon delivery. Other satellites include the final rocket stages that placed satellites in orbit and formerly useful satellites that are now defunct.

Except for passive satellites, most satellites have an electricity generation system for equipment on board, such as solar panels or radioisotope thermoelectric generators (RTGs). Most satellites also have a method of communication to ground stations, called transponders. Many satellites use a standardized bus to save cost and work, the most popular of which is small CubeSats.

A Satellite is placed from the surface to orbit by launch vehicles, high enough to avoid orbital decay by the atmosphere.

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6. In the study of economics, which is the definition of a market?
A a place where producers display their wares for sale
O
B
a place to buy groceries and other household items
O
C
an arrangement that allows buyers and sellers to exchange things
OD the concentration of the productive efforts of individuals and firms on a
limited number of activities

Answers

The correct answer is C) an arrangement that allows buyers and sellers to exchange things.

In the study of economics, the definition of a market is the following: "an arrangement that allows buyers and sellers to exchange things."

When talking about economic terms, a market is a series of procedures where individuals engage in the trade of services and goods. Individuals or companies trade their goods -even labor- in exchange for compensation that usually is money.  The market includes concepts of production, transportation, price, places, promotions, and purchasing.

In economics, a market is defined as an arrangement that brings together buyers and sellers for the purpose of exchanging goods and services, guided by the principles of supply and demand.

In the study of economics, a market is defined as C. an arrangement that allows buyers and sellers to exchange things. This concept of the market is central to understanding how economies operate, emphasizing the role of supply and demand in determining the prices of goods and services within a free price system. A market, therefore, is not limited to a physical location but refers more broadly to any context in which buyers and sellers can engage in transactions, whether in person, online, or through other means. This understanding is critical for analyzing how market economies function, where decision-making about investment, production, and distribution is largely determined through markets rather than centralized planning.

What effect did China’s persecution of Buddhists In the 9th century have on japan

Answers

Japan went it's own way.

The persecution of Buddhists in 9th century China fostered Japan's role as a key preserver of Buddhism, influencing its culture, art, and architecture during the Heian period. This contrasted with Buddhism's decline in China, making Japan a distinct center for Buddhist practice and artistic innovation.

Impact of China's 9th Century Persecution of Buddhists on Japan

The persecution of Buddhists in 9th century China had significant repercussions for the development and preservation of Buddhism in Japan. At a time when adherence to Buddhism was experiencing a sharp decline within China due to the aggressive suppression under Emperor Wuzong, Japan became an important center for the religion. Japan's geographic location at the end of the Silk Road allowed it to preserve and continue developing Buddhist practices, art, and architecture even as Buddhism was disappearing in India and being suppressed in Central Asia and China.

During the Heian period, many features of modern Japanese culture emerged that were influenced by Buddhism, including distinctive art, poetry, and Buddhist-inspired architecture. Moreover, as the ruling shogunate began to take control in Japan, establishing a feudal period in the country's history, Buddhism continued to have a profound influence. The decline of Buddhism in China therefore coincided with its blossoming in Japan, where it played a critical role in shaping the cultural and religious landscape of the nation.

Japan developed a rich figurative art for the pantheon of Buddhist deities and experienced an original blend of artistic influences from Indian, Hellenistic, Chinese, and Korean sources. The aggressive persecution of Buddhism in China pushed Japan to become a significant preserver and innovator of Buddhist traditions, making it a religious and cultural hub for Buddhism at a time when it faced adversity elsewhere in Asia.

What was one effect of the Emancipation Proclamation on African Americans in the North?

Answers

Answer: There wasn't any.

Explanation:

The Emancipation Proclamation only freed the slaves that were in rebelling states. It didn't free the slaves in the North or effect the border states at all.

The Emancipation Proclamation led to the enrollment of over 190,000 African American men as Union soldiers in the North, with limited roles and challenges faced due to racism. Abolitionists supported Lincoln's actions, while some Northerners opposed emancipation due to economic fears.

One effect of the Emancipation Proclamation on African Americans in the North was the enrollment of African American men as Union soldiers, with over 190,000 joining by the end of the war in 1865. Racism among White people in the Union army limited their roles to non-combat tasks like hauling supplies and cooking.

Black soldiers faced challenges like skepticism about their effectiveness and fears for their fate if captured, impacting the nature of their assignments during the Civil War.

Abolitionists praised Lincoln's actions while some other Northerners, particularly working-class and racist individuals, opposed the idea of emancipation due to economic concerns.

Should there be a _leaving the president, vice president, speaker of the house and president pro tempore unable to assume the duties of the president the Cabinets represents_

Answers

Answer:

Catastrophe the Presidential order of succession

Explanation:

Answer:

A

Explanation:

edge 2021

The colonists in Boston were generally glad to have English troops in their City

Answers

Answer:

is this a question or True or False?

Explanation:

Japan borrowed from all of the following aspects of Chinese culture except the:
A)Confucian civil service.
B)architecture
C)ritual drinking of tea.
D)written characters.

Answers

Answer:

I think it's,C. ritual drinking of tea.

Explanation:

Japan borrowed from all of the following aspects of Chinese culture except the:written characters.

Why Japan borrowed the Chinese culture?

In comparison to Korea, Japan controlled its intake of cultural influence from China, also known as "cultural borrowing" This meant that it "acknowledged the cultural superiority of the Chinese Middle Kingdom" but always held onto its political independence.

Japan borrowed from all of the following aspects of Chinese culture except the:written characters.

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Why did UN coalition troops battle Iraqi forces in 1991?
Iraq had invaded Saudi Arabia, along with its other border nations.
Iraq had invaded Kuwait, which was a major source of the world's oil.
The United Nations wanted to remove Saddam Hussein from power.
The United Nations wanted to prevent the trade of illegal drugs.​

Answers

Answer:

Iraq had invaded Kuwait, which was a major source of the world's oil

Explanation:

Kuwait is a small nation located just south of Iraq. Even though it is small, it posses enormous amount of oil reserves. The economic interest and the territorial aspirations of the Iraqis, led to military offensive and invasion of the small nation. The UN coalition troops intervened very quickly, getting in Kuwait as quick as possible and fighting against the Iraqis. The mission was successful, and the UN coalition forces managed to defeat Iraq's forces, so Kuwait got its independence back and the control over its valuable oil reserves.

Which Eastern European nation resisted communism the longest?

Hungary

Czechoslovakia

Poland

East Germany

Answers

Answer: B. :)

Explanation:

Czechoslovakia resisted Communism for a very long time but was eventually subsumed by the Soviet Union.

Answer:

Czechoslovakia is the correct answer.

Explanation:

Czechoslovakia was a sovereign state in Central Europe. It existed from 1918 to 1993, when it dissolved into the Czech Republic and Slovakia. During World War II, the country was forced to join the Nazi Germany (partially) and from 1948 to 1990 Czechoslovakia was part of the East Bloc with a command economy.

German Nazi leaders created and distributed propaganda in order to​

Answers

Answer: gain the trust and favor of everyone else

Explanation:

gain the trust and favor of everyone else

Which statement describes an effect of apartheid on the south african population?

Please answer answer asap

Answers

Answer:

The correct answer is A. During Apartheid, nonwhite South Africans were forced to live in segregated areas.

Explanation:

Apartheid was the racial segregation policy established in 1948 by the white ethnic government of South Africa, and remained in force until 1991.  

It was also applied by the South African government in Namibia, administered by South Africa until 1990. The apartheid was declared an international crime by a United Nations convention, voted by the general assembly in 1973 and entered into force in 1976 (International Convention on the Suppression and Punishment of the Crime of Apartheid), and then subsequently included in the list of crimes against humanity. By extension, the term is now used to emphasize any form of civil and political segregation against minorities, by the government of a sovereign state, based on ethnic and social prejudices.

What effect did Mikhail Gorbachev's program of perestroika have on the Cold
War?

A It encouraged democracy and a conversion to free market
economies in communist countries, weakening Soviet control

B. It weakened the Soviet economy affecting the Soviet Union's
ability to support military commitments around the world.

C. It forced the United States to make bigger and more powerful
weapons in order to keep up with the Soviet Union's stockpile.

D. It made it easier for Soviet citizens to criticize the government,
leading to massive protests and violent uprisings.

Answers

The effect did Mikhail Gorbachev's program of perestroika have on the Cold War is  It weakened the Soviet economy affecting the Soviet Union's ability to support military commitments around the world. Thus the correct option is B.

What was the cold war?

Cold War refers to the event in history that took place between the United States and the Soviet Union where there is no violence or weapons used like in other wars.

Gorbachev launched the Perestroika program of political and economic changes in the middle of the 1980s with the intention of modernizing the Soviet economy and boosting output.

As a result, the Soviet Union was no longer able to fund its global military commitments, including its participation in proxy conflicts in nations like Afghanistan and Angola.

Therefore, option B is appropriate.

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Which development would best serve as a turning point between two historical periods?

Answers

Answer:

Civil War :)

Explanation:

Answer:

An inventor creates a new technology that revolutionizes

Explanation:

When an inventor creates a technology that becomes something innovative, this moment serves as a turning point between two historical periods. This is because the moment before the creation of this technology presents a less technological period, with more outdated ideas. At the moment the inventor creates a revolutionary technology begins another historical period, a more technological period and with updated and renewed ideas.

How did Kahlo’s worsening health affect her art?

A
She was unable to paint as much as she used to because of her health.
B
She used darker colors in her paintings because her mood was affected.
C
She used to paint to help her feel better and she painted with greater passion.
D
She painted herself less often because she wasn’t confident in her appearance.

Answers

Answer:

im unaware of the story/reading yet, i would think that A would be correct. to know 100 percent, the story would have to be provided. but, i picked A, because that one would be the most clear choice. if her health was bad, she wouldn't of had enough time to paint.

Explanation:

Kahlo’s worsening health affect her art She was unable to paint as much as she used to because of her health. Thus the correct answer is A.

What kind of health problems is faced by Kahlo?

Kahlo has recognized with polio at the age of 6 when one leg gets thinner than the other one. In the later year, she met with an accident that led to an injury in her spine and caused many fractures.

Due to their injury, she is not used to painting as much as she used to which caused her stress and depression and her to deal with death thoughts.

Therefore, option A is appropriate.

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which best describes colonial shipping activity in the port of charles town

Answers

Answer:

The correct answer is: Ships picked up rice at the port, and brought slaves.

Explanation:

In that time rice agriculture was called "the  best opportunity for industrial profit which 18th  century America afforded." And Charlestown meant one of the most important ports, with the time traders found out that the importing of slaves from the traditional rice-growing were even more profitable because The South Carolina rice planters were willing to pay more for those slaves.

Describe the geography of China.

Answers

Answer:

major landforms of china include, gobi mongolian and tibetan plateausHimalayan Mountain 80% of China is the Moutains ot plateaus

Final answer:

China has a highly diverse geography with a range of climates and terrains, including mountains, deserts, and fertile river valleys. It features two major river systems, the Yellow and the Yangtze, and has a variety of climates from frozen to subtropical. The geography influences the country's political landscape and development.

Explanation:

China's geography is highly diverse, encompassing a wide range of climates and terrains. The country extends about a thousand miles from north to south and from east to west, falling within a temperate zone. It is dominated by two major river systems: the Yellow River and the Yangtze River. Forming the backbone of early Chinese civilizations, these areas remain the most densely populated, largely by Han Chinese.

Mountain ranges, deserts, grasslands, high plateaus, and jungles are all part of the Chinese topography. The climate ranges from the frozen conditions in the north, near Harbin, to the subtropical climate of Hong Kong in the south. The peripheral regions of China, including Manchuria, Mongolia, Xinjiang, and Tibet, have traditionally been the homelands for many ethnic minorities. China's political environment is closely tied to its geography, wherein the large peripheral areas consist of minority populations and buffer states.

Economically, the fertile river valleys in central and southeastern China, with rich all-uvial soils and moderate temperatures, are contrasted by the arid conditions in the west, including the Gobi Desert. The Three Gorges Dam, the world's largest, was built on the Yangtze River and serves multiple purposes, including flood control, electricity generation, and supporting shipping, although it has had controversial environmental impacts.

The geopolitical landscape of East Asia is shaped by its physical geography, with features such as the high mountains in the West, including the Himalayas which border Tibet and Nepal, causing a major rain shadow effect and desert conditions. East Asia's population and development have been significantly influenced by its geography, including the climatic conditions and access to resources such as fertile land and water from the major rivers.

Which of the following led to increased tension between the United States and Japan in 1937?

Answers

Answer:

The Nanjing Massacre is the correct answer.

Explanation:

The tension between the US and Japan heightened because Japan sank USS Panay during its assault on Nanjing and a Japanese soldier also slapped the American Diplomat John M. Allison, US government exerted pressure on the Japanese government. Later the Japanese soldiers in Nanjing apologized to Allison. This incident came to be known as Allison Incident. The US government received many reports about the atrocities of the Japanese Army but the two countries were only focused on safeguarding their national interests.

Why did the Meiji reformers want to modernize Japan

A) to colonize weaker nations in south east Asia

B) to allow western nations to protect them and treat negotiation

C) to compete with the economics and military of western nations

D) to replace additional prices with Weston culture

Answers

Answer:

C. To compete with the economics and military of western nations.

Answer:

C) to compete with the economics and military of western nations

Explanation:

Meiji reformers wanted to modernize Japan to compete with the economics and military of western nations.

Hope this helps! Have a great day!

50 PTS!!PLEASE HELP!! Which of the following was not an effect of the Industrial Revolution in the United States?

A. growth of big business
B. new innovations and technologies
C. relationship between industry and labor
growth of mercantilism

Answers

Answer:

i think the answer would be growth of merchantilism

Explanation:

because they didnt really have merchants in those times

The people of the Middle East obtain more freshwater sources by removing salt from water in a process known as
A desalination
B. extraction
imrigation
D. refinement
C
Please select the best answer from the choices provided
OA
OB
Mark this and retum
Save and Exit
Next
Submit

Answers

Removing salt from water is done in a process called desalination.

Answer:

The correct answer is A. The people of the Middle East obtain more freshwater sources by removing salt from water in a process known as  desalination.

Explanation:

Desalination refers to any of the various procedures that remove excess salts (especially sodium chloride) and other minerals from the water. The process of desalination requires a relatively large amount of energy and is therefore by no means economically feasible in all places. In desert regions, the abundant solar energy can be used.

Less than 1% of the global water supply comes from desalination plants, this is approximately 80 million m3 per day.

In the Middle East a lot of fresh water is made from seawater. For example, 70% of drinking water in Saudi Arabia is produced by desalination. In December 2015, the largest desalination plant in the Western Hemisphere came into operation in Carlsbad, California.

The Missoun compromise was introduced by

Answers

Answer:

Henry Clay

Explanation:

The Missouri compromise was introduced by Henry Clay.

Jade skips going to dinner with friends to babysit her younger brother. Jade's opportunity cost is the

Answers

jades opportunity cost is the lost of the chance of spending time with her friends

 Jade's opportunity cost is the time she could have spent with her friends.

What does it mean of opportunity?

An appropriate or favorable time or occasion: Their meeting afforded an opportunity to exchange views. a situation or condition favorable for attainment of a goal. a good position, chance, or prospect, as for advancement or success.

What are two synonyms for opportunity?

Synonyms of opportunity

breakchanceoccasionopeningroomshot

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Why did north and South Carolina become separate

Answers

Answer:

Evolved differently

Explanation:

North and South Carolina became separate because they evolved differently.

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