Answer:
D. the greater the availability of close substitutes.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Goods that are inelastic in demand are usually consumer-essential goods for which there are few substitution options, such as a cancer drug. On the contrary, elastic goods are those whose price variations diminish the demand for a range of substitute goods. For example, if the price of rice goes up, people may demand spaghetti, which is a substitute good.Therefore, goods with a large number of substitutes tend to have price elastic demand.
Answer:
Military factory?
Explanation:
Because people needed help in the war and they would take anyone they could for help. I think
The Confederation Congress lacked key Powers it could not raise taxes or regulate trade. The Congress could not make States obey the laws it passed. 9 of 13 state delegations had to degree before Congress could act. The Articles could only be changed with the consent of all 13 state legislatures
