During the Industrial Revolution:

A. artisans lost their power to mercantilists.
B. feudal lords lost their power to artisans.
C. mercantilists lost their power to capitalists.
D. capitalists lost their power to mercantilists.


Answer: C

Economics

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If the price elasticity of demand for apples is 0.8, then a 2.4% increase in the price of apples will decrease the quantity demanded of apples by

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Economics