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.
http://wiki.answers.com/Q/What_are_examples_of_ela...
Drinking water is a good example of a good that has inelastic characteristics
http://www.chacha.com/question/what-is-an-example-...
Gasoline is an example of elastic good. When gasoline prices dip, everyone drives in to fill up their tank. Otherwise, quantity purchased jumps drastically.
http://www.kgbanswers.com/what-is-an-example-of-an...
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
http://www.quora.com/Elasticity-economics/What-are...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com