It’s certainly true that the demand for a particular product tends to be relatively elastic. You can see this in the case of air conditioners. The more you use them, the more they get used. This is because they do not have a price ceiling. The same is true for computers and smartphones. It is possible, however, that a certain percentage of the population would be willing to pay more for something if it was more expensive.
For example, the cost of a computer can vary on the basis of how familiar it is to the user. A user in the beginning of their career might have a low cost of a PC and have virtually no need of it. They might only use it for a couple of years and then suddenly hit the ceiling. On the other hand, a user who has never used a computer is likely to pay a higher price.
If we assume a certain percentage of the population would pay a higher price for a PC if it were cheaper, we can use this as an example of supply and demand. The price of a PC will vary on the basis of the user’s familiarity with PCs. If we assume the price of a PC will be higher if it’s more familiar with us, we can say that those who are familiar with PCs tend to pay more.
This is actually a very good way to think about the difference between demand and supply. If the demand is high and the supply is low, then the price is going to be high. At the same time, a high price means that the supply is low, and a low price means that the supply is high. In this case, demand is low and supply is high.
If demand pricing elasticity is 1, and supply is 2, this implies that those who are familiar with PCs are more likely to buy a PC than those who are not. When the price is low, there are many more people who are familiar with PCs than those who are not. And when the price is high, there are far fewer PCs available than there are people familiar with PCs. In this situation, demand is high and supply is low.
If you’re asking about high price elasticity, it’s important to understand that the question is not an elasticity question. The question is, how much do consumers want to buy? If the demand is high and supply is low, it’s the other way around. The price is low because demand is high and the supply is low. If the demand is high and supply is low, the price is high because demand is low and the supply is high.
According to some economists, the price of a good is based on its demand and supply. This means that if demand is high then the price will be high. If supply is low then the price will be low. As you look at the graph, there is a lot of supply and little demand. The price is low because supply is low and the demand is high.
The price is low because the demand is high and the supply is low. According to some economists, the price is low because demand is high. While this is true for the average person, it is not true for the average consumer. The point is that the price is high because demand is high, and the supply is high. It’s not because demand is high, but because demand is low.
That’s because demand is a function of supply and vice versa. If you have a lot of apples, you have a lot of apples. If you have a lot of bananas, you have a lot of bananas. There isn’t a high price and a low price because they are inversely related. However, if you have a high price and a low price, you have a low price and a high price.