Urgh I’m not home right now, I have it well-defined in my notebook at home.
Demand Elasticity shows how much demand for an item (How much people want to buy it) based on the price.
Something that is “Inelastic” is something that, regardless of price, people will buy. Like gasoline. Even if it’s $4, you still need it to get to work. You’re not very willing to change your purchasing habits to say, bike to work.
Something that is “elastic” is something that, when it’s expensive, people won’t buy a lot of it. When it’s cheap, you’d buy a lot.
You’re welcome for the homework help