What are examples of elastic goods?

Answer

Some of the examples of elastic goods are cars, instrument engineering products, or even furniture. Elasticity states the interrelationship between the price of a good and the demand for the good.
Q&A Related to "What are examples of elastic goods?"
coffee.
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Drinking water is a good example of a good that has inelastic characteristics
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Gasoline is an example of elastic good. When gasoline prices dip, everyone drives in to fill up their tank. Otherwise, quantity purchased jumps drastically.
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Here are some other things with low price elasticity of demand: Pediatric visits, in the U.S. −0.03 to −0.06. Bus travel, in the U.S. −0.20. Steel, worldwide: &minus
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