Explanation:

In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demanded is also called the demand curve.

Answer:

ɪғ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ʙᴏᴜɢʜᴛ ᴄʜᴀɴɢᴇs ᴀ ʟᴏᴛ ᴡʜᴇɴ ᴛʜᴇ ᴘʀɪᴄᴇ ᴅᴏᴇs, ᴛʜᴇɴ ɪᴛ's ᴄᴀʟʟᴇᴅ ᴇʟᴀsᴛɪᴄ ᴅᴇᴍᴀɴᴅ. ᴀɴ ᴇxᴀᴍᴘʟᴇ ᴏғ ᴛʜɪs ɪs ɪᴄᴇ ᴄʀᴇᴀᴍ. ʏᴏᴜ ᴄᴀɴ ᴇᴀsɪʟʏ ɢᴇᴛ ᴀ ᴅɪғғᴇʀᴇɴᴛ ᴅᴇssᴇʀᴛ ɪғ ᴛʜᴇ ᴘʀɪᴄᴇ ʀɪsᴇs ᴛᴏᴏ ʜɪɢʜ. ɪғ ᴛʜᴇ ǫᴜᴀɴᴛɪᴛʏ ᴅᴏᴇsɴ'ᴛ ᴄʜᴀɴɢᴇ ᴍᴜᴄʜ ᴡʜᴇɴ ᴛʜᴇ ᴘʀɪᴄᴇ ᴅᴏᴇs, ᴛʜᴀᴛ's ᴄᴀʟʟᴇᴅ ɪɴᴇʟᴀsᴛɪᴄ ᴅᴇᴍᴀɴᴅ. ᴀɴ ᴇxᴀᴍᴘʟᴇ ᴏғ ᴛʜɪs ɪs ɢᴀsᴏʟɪɴᴇ.

꧁ᴍʀ_ᴠɪsʜ꧂