Whats more elastic -2.0 or -2.5 can some one explain economics?

Question

Whats more elastic -2.0 or -2.5 can some one explain economics?

Answer 1

-2.0 is more elastic than -2.5

-2.5 is more inelastic than -2.0

Actually 'minus' sign may be just skipped in most cases (for instance if this is price elasticity of demand.

The less elasticity value - the more inelastic and consequently less elastic elasticity is.

http://en.wikipedia.org/wiki/Price_elast...

http://upload.wikimedia.org/wikipedia/en...

Answer 2

-2 is more elastic.

In economics, an elastic good (McDonald's happy meals) will have a significant change in demand based on changes in price.  If prices increase slightly, people will  demand significantly less happy meals.  If the prices drop slightly, people will demand significantly more happy meals.

Inelastic goods (Car gasoline), demand does not change with slight change in price levels.  If the price of gas increases $0.02, people will still use car gas because their is no alternate substitute in most areas.