B.)replacing existing producers in a market with new producers
C.)replacing existing products in a market with higher-quality products
D.)substituting existing technology with a new technology to produce more goods
The correct answer is A. Buying cheaper alternatives when a product becomes expensive
Explanation:
In economics the substitution effect refers to the effect a rise in the price of a specific product has on the consumers choice, this implies when the price of some specific product rises and the income of consumers remains unchanged, the consumer will decide to buy similar but cheaper products or the alternative product, substituting more expensive products for cheaper alternatives. Similar results can be obtained if the price of a specific product falls and the product consumers buy remain the same, which will lead consumers to substitute the usual product they buy by the alternative cheaper product. Thus, the phrase that describes substitution is buying a cheaper alternative when a product becomes expensive, which means consumers choose similar but cheaper products if the usual product price rises.
Write a biography of a famous person from your state. Find a picture of the famous person, then copy and paste it into your project. If you can find other pictures from this person's life, please copy and paste them and put them into your project to make it more interesting. The biography should include:
• Basic facts about the person's life, such as their date of birth, place of birth, and parents' names. Start with the Internet or your local library.
• Adjectives you would use to describe this person and what made him/her interesting or special. Give two examples from his/her life that demonstrate those two qualities.
• Events that happened in the person's life to guide him/her in the direction he/she chose. What effect did this person have on the world as a whole and on other people?
• How did this person handle the challenges of life? What qualities did he/she exhibit (e.g. determination, tolerance, leadership...) that helped make this person successful?
• Write a summary about this person, telling why the world is better because he/she lived in it.
B) Developing new land for rice production
C) Thwarting Spanish claims in the area south of Carolina
D) Providing am asylum for British debtors
Answer:
Gerrymandering is the practice of setting boundaries of electoral districts to favor specific political interests within legislative bodies, often resulting in districts with convoluted, winding boundaries rather than compact areas
Explanation:
c. the Congress
b. the Supreme Court
d. no one