(Consider This) Elastic demand is analogous to a , and inelastic demand to a .
A)normal wrench; socket wrench
B)tight rubber band; loose rubber band
C)Ace bandage; firm rubber tie-down
D)one-foot ruler; tape measure

Question

Quizplus · Accepted Answer

Elastic demand is like an Ace bandage because it stretches and changes easily with price changes, while inelastic demand is like a firm rubber tie-down because it does not stretch or change easily with price changes.

(Consider This) Elastic Demand Is Analogous to a , and Inelastic