Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided. The most important originators of communist doctrine were Karl Marx and Frederick Engels.
States are the most numerous in North America. There are 50 of them.
The correct answer is individual preferences and tastes of buyers.
When there is increase in demand also the demand curve shifts. If there is a change in factor apart from price then the whole of demand curve shifts.
The income of consumers determines the demand of the commodity. Also prices which are related to goods and also preferences and tastes of the customer.
Demand for automobiles can be elastic where there can be delay in buying a new vehicle.
Due to many substitutes the model for automobile can be highly elastic.
