The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 to 70 units. Therefore, demand for cameras in this price range is.

According to elastic demand, customer demand for a commodity will alter in response to a change in price.
The formula for demand elasticity is quantity change by percentage / demand change by percentage.
Elasticity indicates an elastic demand for a product when it is greater than 1. Such a demand curve exhibits strong sensitivity to change by being considerably flattened towards the x-axis.
Consumer durables, high-end goods, and goods with numerous substitutes all have high demand elasticity.
In addition to price, there are other factors that influence demand, such as consumer income, individual preferences, alternative goods, etc.

For example, luxury clothes have elastic demand under the price elasticity of demand. People usually rush to luxury brands when they announce discounts to buy more. But when we observe the reality, we realize that other factors such as consumer income, substitute goods, personal taste, etc., also affect the demand

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