LIFE IN ANTEBELLUM AMERICA 1807 1861
SLAVERY IN AMERICA COTTON SLAVE TRADE AND THE SOUTHERN RESPONSE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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I prefer Cheerios over Raisin Bran. Therefore, Cheerios are in greater demand.
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The bad weather this year has reduced our apple crop. Therefore, the demand for apples has decreased.
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The newest fad is painting rocks, and hiding them around town. Therefore, there is an increased demand for craft painting supplies.
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Twelve silly puppies bounced around the new mailman, trying to give him puppy kisses.
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Detailed explanation-1: -Demand is the consumer’s desire to purchase a particular good or service. Market demand is the demand for a particular good in the market. Aggregate demand is the total demand for goods and services in the economy. Demand and supply match determines the price of the good or service.
Detailed explanation-2: -Demand is an economic concept that relates to a consumer’s desire to purchase goods and services and willingness to pay a specific price for them. An increase in the price of a good or service tends to decrease the quantity demanded.
Detailed explanation-3: -A demand is a firm request for something.
Detailed explanation-4: -In economics, quantity demanded refers to the total amount of a good or service that consumers demand over a given period of time. Quantity demanded depends on the price of a good or service in a marketplace.