The demand element affects property value and provides answers to issues like how is the market? also, Are there more buyers than sellers, or the opposite?
The phrase demand factor is used to describe the fractional amount of a quantity being utilized in comparison to the maximum amount that might be used by the same system in the telecommunications, electronics, and electrical power industries. The demand factor is never more than one. Demand is a time-dependent number, just like the amount of demand is.
When the demand period's time period is understood by the context, the demand factor is frequently implicitly averaged over time.
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Answer: The base-rate fallacy
Explanation: The base rate fallacy also refered to as base rate bias is the tendency of an individual to erroneously predict the likely outcome of a situation by over looking all relevant data that was supposed to be taken into account. It is the preference of individuating information over relevant data. Stephon over looked the statistical data that his chance of making it into the NBA is low and prefer to go with the individuating information about how his friend's brother receives a lucrative contract to play for the NBA. This situation best illustrates base-rate fallacy.
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o A. There are limits on how many resources could be extracted from the land through agriculture or from the people trough taxation.
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Territory is the second essential element of the State. State is a territorial unit. Definite territory is its essential component. A State cannot exist in the air or at sea. It is essentially a territorial State. The size of the territory of a State can be big or small; nevertheless it has to be a definite, well-marked portion of territory.
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