Eighty percent of the metals in an airplane are aluminum. This would indicate that airplanes if the price of aluminum increased by 200 percent, airplane manufacturers would either look for another lightweight metal with which to build or increase their prices to the airlines. The demand for aluminum with which to make airplanes is:

Question

Quizplus · Accepted Answer

The demand for aluminum in this context is described as elastic because the use of aluminum for manufacturing airplanes is sensitive to price changes. If the price of aluminum increases significantly, manufacturers are likely to seek alternatives or pass the cost onto consumers, indicating a high responsiveness (elasticity) to price changes.

Eighty Percent of the Metals in an Airplane Are Aluminum