The outcome will be forecasted using the prescriptions of the law of demand. If the price of a good decreases, this will have the opposite effect on the quantity demanded by consumers, that will increase. More people would be willing to purchase the product at a lower price
In conclusion the law of demand states how price and quantity will always move in opposite directions. The only exception to the law would occur with Giffen type goods.
Answer:
Debt slavery, also called debt servitude, debt bondage, or debt peonage, a state of indebtedness to landowners or merchant employers that limits the autonomy of producers and provides the owners of capital with cheap labour. Examples of debt slavery, indentured servitude, peonage, and other forms of forced labour exist around the world and throughout history, but the boundaries between them can be difficult to define (see slavery). It is instructive to consider one prevalent system of debt slavery as a means of identifying the characteristics typical of the condition. This article therefore describes the system that existed among sharecroppers and landowners in the American South from the 1860s until World War II.
Explanation:
During the Dust Bowl, people experienced dust storms which
had a detrimental effect on the environment and their livelihoods. People could
see mixture of soil erosion and winds caused the dust to fly freely and at high
velocities. As a consequence, animals such as birds perished from the resulting
suffocation and could be seen falling freely
Answer:
Because science, art and culture flourished
Explanation:
The Renaissance is a period of flourishing in the field of culture, science and art, which is characteristic for the period from the end of the 14th to the end of the 16th century. Higher availability of books and study of ancient writers gradually change people's awareness of themselves and the environment that surrounds them.
Numerous wars and an unstable political situation also reflected changes in the Catholic Church whose authority was shaken. Changes were also triggered by geographical discoveries, which, in addition to the exchange of cultures and the development of science, also encouraged eurocentrism, which led to the economic and therefore demographic recovery of the Old Continent at the expense of the New.
Most of the population lives in the countryside, but the population in cities is increasing rapidly. With the greater influx of wealth, the image of society changes with emergence of the middle class and by strengthening the influence of citizenship.
