How quickly supply can be met, how much of the resource there is in existance, and how quickly the resource produces itself.
Answer: Market economies utilize private ownership as the means of production and voluntary exchanges/contracts but in a command economy, governments own the factors of production such as land, capital, and resources.
Explanation:
Stratosphere hope I am correct
Answer:
(A) It is perfectly inelastic
Explanation:
Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes. When price goes up and demand goes down a lot, demand is said to be price elastic. When price rises and demand does not change significantly, demand is said to be inelastic to price.
Demand is perfectly inelastic when changes in price will not alter demand at all. This occurs when the good is considered an essential good to the consumer. This is the case of a bodybuilder, who needs a certain product every day to maintain his muscles. This person gives so much value to the product that even if the price increase is considerable, he will not decrease consumption at all.