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All of the Following Contributed to the Growth of Trade

question 57

Multiple Choice

All of the following contributed to the growth of trade in the fourteenth century except ______________.


Definitions:

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared to buy at a specified price point.

Quantity Demanded

The aggregate demand for a product or service, defined as the overall quantity that buyers are ready and capable of buying at a specific price point in the marketplace.

Quantity Demanded

The complete sum of a certain good or service that consumers are ready and capable of buying at a determined price level.

Inferior Good

A type of good whose demand decreases as consumers' income increases, opposite to normal goods.

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