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.
Living organisms are classified, going from the broader to the more specific category, into kingdom, phylum, class, order, family, genus and species (KPCOFGS can be used as a mnemonic). Kingdom is the broadest category each following category is a subcategory of the previous one.