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In the Mayan Yucatec language, all nouns are accompanied by a term specifying the material of which an object is made (Lucy, 2005) . Members of this culture appear to pay more attention to what an object is made of than to its overall shape; English speakers, by contrast, focus on an object's overall shape. This finding:
Inelastic
Characterizes a situation where the demand for a product is not significantly affected by changes in price.
Elastic
Describes a situation in economics where the demand for a product or service significantly changes in response to a change in price.
Inelastic
A characteristic of goods or services for which demand does not significantly change with a change in price.
Price Range
The difference between the lowest and highest prices within a given market.
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