As a Consequence of the Coming of the Neolithic Period

question 43

Multiple Choice

As a consequence of the coming of the Neolithic period,

• A)the domestication of wild animals declined.
• B)villages lost population.
• C)communities grew and became more complex.
• D)human beings stopped worshiping multiple deities.

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, primarily to keep it affordable for consumers.

Price

The anticipated financial cost, needed, or offered for a particular item or service.

Equivalent Variation

A measure of economic welfare change, quantifying the amount of money needed to bring a consumer to a utility level before a price change.

Utility Function

In economics, a mathematical representation that quantifies an individual's preference for certain goods or services, aiming to predict choice behaviors.