How does familiarity with prices affect the market?

(select all that apply.)

it makes allocating resources more efficient.
it forces businesses to respond to consumer demand.
it leads to frequent changes in production.
it allows people the opportunity to negotiate.

It allows people the opportunity to negotiate.

Explanation:

Elasticity is a proportion of a variable's affect-ability to an adjustment in another variable. In business and financial aspects, versatility alludes to how much people, shoppers or makers change their interest or the sum provided because of cost or salary changes.

On the off chance that the cost is excessively high, the stockpile will be more prominent than interest, and makers will be left with the abundance.

On the other hand, as the cost of a decent goes down, purchasers request a greater amount of it and less supply enters the market.

the aksumite empire was an ancient kingdom located in what is now northern ethiopia from the period of 100 ad to 940 ad. its capital was the city of aksum. the kingdom established itself as one of the 4 great powers at its time, along with persia, rome, and china.

the kingdom was rich in goods like gold, iron, and salt. it established strong commercial ties with the regions governed by rome, egypt, and persia (arabia). aksum was a key location in this commercial network. trade was also facilitated with the introduction of the aksumite currency.