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.
Basic Facts listed for each phylum handily group organisms' taxonomy, structure, and function, in a concise format for ease of reference. 1  Kingdom Protista: Single-Celled Organisms. 2  Phylum Porifera: Sponges, Simplest of Animals. 3  Phylum Cnidaria: Hydrozoans, Jellyfish, Anemones, and Corals.