As Early as the Third Century B

question 16

Short Answer

As early as the third century B.C., various nomadic groups and Chinese merchants established a trading route, known as the _____________________.

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Definitions:

Quantity Demanded

The specific amount of a good or service consumers are willing to buy at a given price, holding all other factors constant.

Price

The expected, necessary, or contributed financial amount in exchange for something.

Total Revenue

The complete amount of income generated by the sale of goods or services related to the company's primary operations.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.