Refer to Map (In the Textbook) 4

question 29

Essay

Refer to Map (in the textbook) 4.4 and discuss why the Celts had a widespread influence in Europe despite their lack of a unified state.

---

Definitions:

Inferior Good

A type of good whose demand decreases as the income of consumers increases, contrasting with normal goods.

Supply

The total amount of a good or service that is available for purchase at any given price.

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied does not change in response to a price change.

Recession

A period of declining real GDP, accompanied by lower real income and higher unemployment.