Radiation and deaths of people
When a product is elastic, a change in price quickly results in a change in the quantity demanded. When a good is inelastic, there is little change in the quantity of demand even with the change of the good's price. ... If the market price goes up, firms are likely to increase the number of goods they are willing to sell.
Governments are responsible for providing services that individuals cannot effectively provide for themselves, such as military defense, fire and police departments, roads, education, social services, and environmental protection.
The government takes part by passing regulations to protect the public.
