(1) the demand elasticity (Eqn. 1).
The demand elasticity is one of those simple facts that makes you think about them a lot. It is the percentage of buyers who would buy a product if it were offered to them, and it is the percentage of sellers who would sell a product if it were offered to them. A product or service that has a demand elasticity near 1.
This is an example of a “demand” that is elastic: It can be satisfied by either a lot of people or a small number of people. The latter has a “demand” of course, but it is a smaller number of people, because the demand is a function of the number of people who have the product or service in their possession. The opposite of a demand elasticity is an “demand” that is inelastic.
If a product or service has a demand of about 1, it will be able to satisfy the demand of about 1 million people. This is known as an elasticity of demand, and that can be satisfied by either a lot of people or a lot of time. The opposite of an elasticity of demand is an inelasticity.
In microeconomic theory, you might think that the elasticity of a demand is the same as the demand itself, but that’s not always true. In fact, some firms are much better able to keep their demand elastic than others. For example, airlines have the least elasticity of demand, but they also have the highest demand. Airlines want to keep their passengers coming back to their planes, but they also want to keep the demand for their services (passengers) coming from other airlines.
The amount of demand you have for a good or service is called the “marginal cost”, or the “marginal utility” of wanting to get that good or service. In general, a good or service does not have to be free to be a good or a service. It could just as easily be paid for.
If you want to use a service you can’t pay to have that service. If you want to use a service you can have to pay for the service. If you want to pay for a service you can pay for the service. For example, if you want to do the same job for a company, then you can’t pay for the service. It could be a private contract, or you could have to work for a company, or you can have to pay for the service.
If you want to have your service and want to pay for it, then you can have to work for as long as you want. For example, if you want to be able to pay for a service, you cant work for a company, or you can only pay for the service. And you can only work for a company.