Question 15 1 pts Steve is an entrepreneur who decided to start an online bakery. Since all his business will be done online and he can bake in his home kitchen, he is saving building and other brick-and-mortar costs, which allows him to pass that savings on to his customers. Reducing prices to customers is an element of O competition. O supply. O equilibrium pricing. O demand. O resource distribution. Question 16 1 pts Before the Industrial Revolution. the economy of North America under the