When it comes to business models, both demand and supply are critical. Demand is the need for a given product or service. In an elastic business, demand is constant, and therefore supply is highly elastic. When demand is inelastic, supply is not as robust, and it can be either elastic or inelastic.
In an elastic business, demand and supply are both relatively constant. Demand is high and easily satisfied, and supply is abundant. In this kind of business, demand and supply are both highly elastic. For example, if you own a car, you only need to supply it with gasoline to make it go. If demand is high, you need to supply it with gas in a highly elastic way.
We can talk about more of a dynamic process if we think about it for a couple of minutes. What’s the difference between a high demand and a low demand? It depends on what you’re doing and what you want, but in general, if the demand is low, supply is high, but if demand is high, supply is low.
With a lot of the data being collected during the game, it’s easy to see that a high demand could be a good thing as well. The only thing that’s a good thing, and probably one of the reasons we don’t have a lot of people telling us that this is true, is that, for example, they would think that, for example, if it were a car, then it would be a high demand.
I think it’s an interesting question, and I’d like to hear more about it. It’s pretty cool to think that the demand is inelastic, but I’d like to hear that it is too. I think if demand is too high, then supply will get to high. I guess if supply gets too high, then demand will have to decrease.
This is one of the topics we are always looking for feedback on. Which determinants influence whether demand is elastic or inelastic? There are many factors that influence the demand/supply ratio. I think its cool to think that the demand is inelastic, but I would like to hear more about it.
I’ve been pondering this for a while because it’s not that obvious as to what the factors are. But to think of a situation where there is a lot of demand and not much supply is to imagine a world where all of the things demanded by society are of a single, all-encompassing quality. The only way to have the kind of elastic demand that we see today is to have a population that is constantly buying more and more of those things.
I agree, and the idea is that demand for certain things are inelastic or elastic, but I’ve never seen any proof of this in practice. For example, in a world where everyone is constantly buying the same items, it’s not obvious that we would have a lot of elastic demand for certain things like cars, clothes, and other items that are not really in demand.
Of course, this is one of those questions that is a bit moot, because we don’t see this very often in practice at least. The only time I can think of is when I’m buying a house, and the first thing that’s on my list is the washing machine and dryer, a huge seller in the US. That makes sense because I want the fastest and most efficient way to clean and dry the house.
The key determinant is how the item will be resold, and you can really see that influence pricing and demand when it comes to a particular item. If you have a house that is only a few months old, you might be able to sell that for less than you would have if it was a year old. That makes sense because people that want a house today are more likely to want it for the first time, and then buy it anyway.