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anonymous

  • one year ago

EASY QUESTION!

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  1. anonymous
    • one year ago
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    An Indian merchant meets with a Roman trader and gives him jewels and spices. In exchange for those items, the Roman gives him the same amount in olive oil and figs. What is this situation an example of? supply and demand, because the Indian merchant is supplying what the Roman trader is demanding barter, because the Indian merchant and Roman trader are using goods rather than using money in the transaction supply and demand, because the Indian merchant's spices and jewels are more rare than the Roman's olive oil and figs barter, because the Indian merchant and Roman trader are making a decision to select certain goods

  2. anonymous
    • one year ago
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    I think it is either A or B, I don't know though

  3. anonymous
    • one year ago
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    i believe it is D

  4. anonymous
    • one year ago
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    Can you please explain?

  5. anonymous
    • one year ago
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    well, back in the day, there were coins and goods that you could trade for other goods or coins knowing that... i read the choices and was thinking about that fact i saw "Supply and demand" well, supply and demand (i think) is whenever someone has the supply and the more demand on a certain supply makes the value go up, but if there is more supply than demand, then the price goes down

  6. anonymous
    • one year ago
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    But in this lesson they didn't have coins to trade with or make a currency. They used, as it says in the question, items with worth like jewels and spices.

  7. anonymous
    • one year ago
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    well in that case... the goods used in this question can be valued on rarity or on how much work is needed to get that certain item

  8. anonymous
    • one year ago
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    Sooo...... it would be B???

  9. anonymous
    • one year ago
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    lol, i guess so huh?

  10. anonymous
    • one year ago
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    XD thanks for the help

  11. anonymous
    • one year ago
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    your welshum

  12. TheYankee
    • one year ago
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    It was B, lol, because they weren't using currency.

  13. Ghostedly
    • one year ago
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    B.

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