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Why west African merchants were willing to pay a high price for salt?
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Who was considered the tribal religious leader in African tribes?
Witch Doctors or medicine Men, title varies, come close to a sort of High Priestly role in the affairs of the tribes.
What are the social classes of Aztecs?
EmperorPriestsNobilitySoldiersArtisansMerchantsWomenFishersFarmersSlaves
How was African life before the Europeans?
Africa had some really developed civilizations, kingdoms, and societies. The areas of trade which often had high population densities were exploited and dominated by Europeans once they realized that they could do so.
Why were the goods from east Asia so expensive?
There could be various reasons for the goods from East Asia being expensive. Some possible factors include high production costs, including labor and raw materials, as well as transportation costs for shipping the goods to other regions. Additionally, goods from East Asia may have high demand or be perceived as high quality, leading to higher prices.
Who is Indian high commissioner of London?
Mr. Shiv Shankar Mukherjee is currently High Commissioner Designate.
Why were merchants able to sell spices at a high price?
the merchants hide the information that they bought the spices for less to make money, it can technically mean cheating.
What is a price-skimming strategy?
With a price-skimming strategy, the price is initially set high, allowing firms to generate maximum profits from customers willing to pay the high price
What does a demand curve illustrate?
It mesans that people are more willing to buy things at a low price than a high price.
Why do people pirate software?
Maybe some think the price of a particular software is too high that they are not willing to pay.
Merchants who took risks to earn high profits?
Entrepreneurs were merchants who took risks in the hope of high profits.
What is the demand of law?
As the price of a good decreases, the amount that consumers are willing to purchase increases. It states the inverse relationship between price and demand; that when prices are high, there is a low amount of demand and when prices are low there is a high amount of demand. The price is the indicator in this law.
What is the law demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases. It states the inverse relationship between price and demand; that when prices are high, there is a low amount of demand and when prices are low there is a high amount of demand. The price is the indicator in this law.
Why is there so much money in metal?
Metals are used in almost everything we use in our lives. So, with demand comes the price you are willing to pay for something. No demand, lower price. High demand higher price. Got it?
Is it legal for car dealers to sell overpriced cars?
It is legal to sell nearly anything at a price someone is willing to pay, high or low.
Why do mayor league baseball players get paid so much?
Because fans are willing to pay the high price of tickets to see them play.
Is it illegal for a lender to sell a house for more than it's worth?
Its a Business, It is fine to sell it for a high price as long as the other party is willing to pay for it .
How does a price skimming strategy work?
A price-skimming strategy uses different pricing phases over time to generate profits. In the first phase, a company launches the product and targets customers who are more willing to pay the item's high retail price.
