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 term phylum is one of seven major categories that are used to classify organisms. In order of broad to specific. These seven categories are: Kingdom (broadest), Phylum, Class, Order, Family, Genus, and Species (most specific).This system of classification was developed in the 18th century by Carolus Linnaeus. phylum can be defined in two ways: as a group of organisms with a certain degree of structural or developmental similarity or a group of organisms with a certain degree of evolutionary relatedness. For plants Phylum is equivalent to the botanical term Division.