The matching of the demand as relatively elastic or relatively inelastic can be done as;
- Klaus' demand for orange juice (Relatively elastic)
- Amanda's annual demand for coffee(Relatively elastic)
- Jackson's demand for mystery novels(Relatively inelastic)
- Hermy's demand for Minute Maid orange juice(Relatively inelastic)
- Olivia's daily demand for Starbucks latte(Relatively inelastic)
- Stephen spends a very little part of his income on soda(Relatively elastic)
- Xavier's demand for his economics textbook(Relatively inelastic)
<h3>What is Elasticity of demand?</h3>
Elasticity of demand can be regarded as the variation on the concept of demand.
It should be noted that elastic demand involves change in quantity demanded as a result of change in price.
Learn more about Elasticity of demand
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Natural gas is comprised of methane with small amounts of ethane,propane,butane and pentane.
The simpler molecular structure of natural gas enables a clean burn, so it's combustion does not produce solid particles or sulpher. It is used for heating,cooking,electricity generation and fuel for some cars.
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There is a lot of seafloor spreading, and as that happens, the continents slowly begin to go a bit farther from one another.
Everybody wants to get into college but colleges can accept only so many students each year. Thus, the selection process is run based on students' resumes and letters of recommendation when only the best and the most deserving students are accepted.
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