If the quantity demanded of a good changes drastically when the price changes, the good is relatively

"If the quantity demanded of a good changes drastically when the price changes, the good is relatively elastic."

The Elasticity of Demand is an economic theory that postulates that when nothing but the price of a certain good changes, the good responds to this change by showing "elasticity" on its demand, this is to say that the good responds directly to the price variable.

In other words, the percentage of change in the demanded quantity of the good is directly proportional to the percentage of the price that changes.

For example, if the price of a certain product raises a 10 per cent, the demand of that product will raise or fall a 10 per cent, too.

elastic, inelastic, inelastic

raliegh, north ! hope this

this headline suggests that midterm congressional   elections are at the corner and trump administration wants to activate his base by vowing to clamp down on immigrants and immigration as trump had said during his election campaign around two years ago. when a baby is born in usa, the baby becomes citizen of usa for 85 years and trump wants to end this rule of birthright citizenship to control illegal immigration and this what he said in an interview""we’re the only country in the world where a person comes in and has a baby, and the baby is essentially a citizen of the united states for 85 years, with all of those benefits,” "