Economics is not my best subject. I get most of it, but I want to get all of it. However, I do think I understand the basic concept. Demand is elastic when consumers have options. It is inelastic when consumers need the product and will pay at any price as long as they are able.

If anyone else would like to give me more insight on this subject, I would be most grateful

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About Brianna Nelson

I am a very energetic and outgoing person. I am driven, determined, and capable of accomplishing anything I set my mind to do. I do not believe in limiting myself or others. There is always room to grow and improve. I earnestly desire to live a full and abundant life. Time on this Earth is a gift, and I don't want waste it.

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