If a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is sold for $137,000. What is the effect of the sale on the accounting equation for the seller? Select one: a. Assets increase $52,000; owner's equity increases $52,000 b. Assets increase $85,000; owner's equity increases $85,000 c. Assets increase $137,000; owner's equity increases $137,000 d. Assets increase $140,000; owner's equity increases $140,000 e. None of these

answer///supply is elastic, and demand is inelastic;

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.