I believe the answer is: its supply or demand is not sensitive to price changes
A goods would fall under inelastic category if that product is considered as basic/primary needs for most consumers.
Example of such goods is food and water. No matter how much the price of food and water rises, the demand for this goods would stay relatively stagnant because people have to use them to survive.
The constitution fixes the problem of the articles of confederation by providing for checks and balances and separation of powers.
The separation of powers consists in the assignment of government functions to different bodies. These bodies are classified into Legislative, Executive and Judiciary.
Republic opposes tyrannical, despotic, autocratic and absolutist forms of government. In this sense, at first, the monarchy in the weak sense is not opposed to the republic in the strong sense. Republicanism is a theory about the strong sense of the republic.
His practice of placing a great deal of political pressure on the Soviet Union to make drastic changes.
The main criticism of the New Deal came from the very rich and some big businesses in the United States, since much of the New Deal was paid for with higher taxes on the rich.
