Demand Elasticity

Water has seen an increase in demand 8% this summer, while the price has decreased 12%

• 1.5 inelastic

• 1.5 elastic

• .67 inelastic

• .67 elastic

Wheat has seen a decrease in demand of 5%, while the price has increased 7%

• 1.4 inelastic

• 1.4 elastic

• .71 inelastic

• .71 elastic

Oil has seen a decrease in demand of 9%, while the price has increased 13%

• 1.44 inelastic

• 1.44 elastic

• .69 inelastic

• .69 elastic

Ford Trucks have seen a increase in demand of 27%, while the price has decreased 15%

• .56 inelastic

• .56 elastic

• 1.8 inelastic

• 1.8 elastic

Prada has seen a increase in demand of 70%, while the price has decreased 35%

• .5 inelastic

• .5 elastic

• 2 inelastic

• 2 elastic

Red Wing Shoes has seen a decrease in demand of 40%, while the price has increased 20%

• .5 inelastic

• .5 elastic

• 2 inelastic

• 2 elastic

Electricity has seen a decrease in demand of 14%, while the price has increased 18%

• 1.3 inelastic

• 1.3 elastic

• .78 inelastic

• .78 elastic

The medication known as insulin has seen a decrease in demand of 2%, while the price has increased 10%

• 5 inelastic

• 5 elastic

• .2 inelastic

• .2 elastic

Columbia Sports Wear has seen a decrease in demand of 57%, while the price has increased 24%

• .42 inelastic

• .42 elastic

• 2.4 inelastic

• 2.4 elastic

New York Giants Products have seen a decrease in demand of 90%, while the price has increased 1% (1W ... 7L Season)

• .01 inelastic

• .01 elastic

• 90 inelastic

• 90 elastic