If the answer is greater than one, then the demand or supply is elastic, if the answer is less than one then it is considered to be inelastic. â¢ Elastic and inelastic are both economic concepts used to describe changes in the buyerâs and supplierâs behavior in relation to changes in price.
Making the world better, one answer at a time. Kingdom is the biological classification group that has the most organisms..then phylum, class, order, family, genus, species.A way to remember them:King Philip Came Over For Grape Soda.aking the world better, one answer at a time. Kingdom is the biological classification group that has the most organisms..then phylum, class, order, family, genus, species. A way to remember them: King Philip Came Over For Grape Soda.
The nine largest phyla contain the majority of species. One phyla, the arthropods, which includes insects and spiders, constitutes about 75 percent of all known animal species. More than 900,000 arthropods have been described, and according to some estimates there may be more than five million more.