Answer: True
Explanation:
Gregorio Cortez Lira (June 22, 1875 – February 28, 1916) was a Mexican American tenant farmer in the American Old West that later became a folk hero to Mexicans living in South Texas. He ability to evade authorities as well as his impassioned words in court made him known. His life was commonly recited through border ballads where events were often dramatisized.
As a deputy postmaster, he became interested in the North Altlantic Ocean circulation patterns. While in England, Franklin heard a question about why it took mail longer to reach than RI. He then asked his cousin who told him that merchant ships routinely avouded a strong eastbound mid-ocean current while the mail packets captain sailed dead into it, fighting an adverse current.
It was a bad decision on his part. Some may say his decision was good at the beginning but ultimately he made the choice to stay at war which led to a bad turn of events. Millions of dollars were spent on this and it wasn't even really successful, so I believe that was a poor decision.
I believe the answer is: its supply or demand is not sensitive to price changes
A goods would fall under inelastic category if that product is considered as basic/primary needs for most consumers.
Example of such goods is food and water. No matter how much the price of food and water rises, the demand for this goods would stay relatively stagnant because people have to use them to survive.
