Identify and State the Historical Significance of the Following

question 102

Short Answer

Identify and state the historical significance of the following:
-Reinhold Niebuhr

---

Definitions:

Supply Curves

Graphical representations that show the relationship between the price of a good and the total amount of the good that suppliers are willing to sell.

Highly Inelastic

Describes a situation where the quantity demanded or supplied changes very little in response to changes in price.

Antiques

Objects of considerable age valued for their aesthetic or historical significance.

Percentage Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage representing increase or decrease.