HISTORY MIDDLE SCHOOL

A company released a new video game system just in time for Christmas and many stores quickly sold out. Although the price of the system was only $350, they sold for over $2,000 on an online auction site. Which of the following economic principles best explains this event?People respond to incentives because of self-interest.

The value of some objects increases relative to other objects.

The price of all goods will rise over time.

Competition among consumers increases prices.

Answers

Answer 1
Answer:

The correct answer is competition among consumers increases prices.

Does competition cause price increases?

Economic intuition suggests that increased competition generates lower prices. However, recent theoretical work shows that a monopolist may charge a lower price than a firm facing a competitor selling a differentiated product.

How does competition among buyers affect prices?

Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them. Competition among sellers results in lower costs and prices, higher product quality, and better customer service.

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Answer 2
Answer: The answer would be 'competition among consumers increases prices' because if there was a limited amount, if someone really wants that game, they'd pay more than usual when supplies sold out. 

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Answers

The answer is C. Wounded Knee Massacre

Answer: Its C the Wounded Knee Massacre

Explanation:

Which statement best described an economic trend that shaped the end of the 20th century

Answers

IF the options are what I think they are then the state that best describes an economic trend that shaped the end of the 20th century is more of the products sold in the US were manufactured in foreign countries.

Hope this helped :)

Democratic should be it not 100 percent sure

Which of the following was a consequence of trade shifting from land-based trade routes to sea-based trade routes?a. Coastal trading cities expanded dramatically.
b. The world's regions were not as well connected.
O c. Banditry decreased.
O d. Trade in luxury goods decreased.

Answers

Coastal trading cities expanded dramatically was a consequence of trade shifting from land-based trade routes to sea-based trade routes. Thus option A is correct.

What is trade routes?

A trade route is just a logistic route made up of a number of roads and rest areas that are used to convey goods for profit. Trade beyond waterways is another usage of the phrase.

Trade increased massively of economic stability and technological advancements. Travelers exchanged various goods as a result of the expansion of trade routes, including livestock, spices, concepts, and illnesses.

The old world's communication roads were trading routes. People are traveling from one location to another for business purposes spread innovative products, religious ideas, creative movements, linguistic varieties, and social traditions, as well as merchandise and raw materials. Therefore, option A is the correct option.

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The correct answer is A) coastal trading cities expanded dramatically.

The bantus government was a form of ?

Answers

Answer:

Democracy

Explanation:

The Bantu's government was a form of democracy. It is a form of system in the government where the whole population are eligible members of state or nation who has the capacity and right to vote and who they want to choose or vote for public office.

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Answers

I think it was called Fascist Italy?

Answer:

Fascist Italy

Explanation:

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Answers

 I believe It helped with irrigation and provided drinking water for the Egyptians.
it helped with irrigation and being hydrated and being safe
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