Answer:
First page
1A 2B 3D 4C
Second page
1B 2C 3D 4A
Explanation:
•inelastic
•unitary elastic
•all of the above
•none of the above
Answer:
inelastic
Explanation:
If price elasticity of demand for fav lifts is -1.0 then the demand for this service is inelastic as the percentage change in quantity demanded is less than the percentage change in its price. This means that the price elasticity of demand (PED) is less than 1.
Answer:It's C... Needs and Wants
Explanation:
The Minoans, an ancient civilization that thrived on the island of Crete from approximately 2700 BCE to 1450 BCE, developed wealth through a combination of factors including trade, agriculture, and their control over key resources.
Trade: The Minoans were skilled seafarers and engaged in extensive maritime trade. They established trade networks throughout the Aegean Sea, Eastern Mediterranean, and beyond. They exported valuable commodities such as pottery, textiles, olive oil, wine, and luxury goods like precious metals, jewelry, and gemstones. The Minoans' strategic location on Crete allowed them to control important trade routes, contributing to their economic prosperity.
Agriculture: The Minoans were successful agriculturalists, utilizing advanced farming techniques. They cultivated crops such as wheat, barley, grapes, olives, figs, and various vegetables. They also raised livestock, including sheep, goats, pigs, and cattle. The fertile soil and favorable climate of Crete supported their agricultural endeavors, ensuring a steady food supply and surplus for trade.
Resource Control: The Minoans had access to valuable natural resources on Crete, which contributed to their wealth. They controlled rich metal deposits, particularly copper and tin, used in bronze production. They also had access to timber, essential for construction and shipbuilding, as well as various mineral resources.
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