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.
Taxonomic Classification How are organisms classified to the species level? A hierarchical system is used for classifying organisms to the species level. This system is called taxonomic classification. The broadest classifications are by domain and kingdom; the most specific classification is by genus and species. The hierarchical groupings in between include phylum, class, family, and order. What is a species? Species are the basic unit of classification.