I think I already know the answer (its pretty much common sense), I just can't put it into words

Can someone please help? And any spam will be reported, please only post if you know what I'm talking about and have an understanding of economics

Thank you

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My job is to help people with any problems they may have, so if u gotta problem, don't be afraid to contact me and i'll do my best to help

A candy bar that costs $1 suddenly costing $3 is a 200% increase.  Whereas a sports car costing $80,000 moving to $80,003 is almost nothing.

Even though the value of the difference doesn't change humans tend to judge things based more on relative value - economics is awesome because it combines math and psychology.

Hope that helped to express it in words.

I mean obviously people are going to be much more responsive to price changes in cars that cost thousands, then gum that costs less then a dollar, I just can't put it into words

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My job is to help people with any problems they may have, so if u gotta problem, don't be afraid to contact me and i'll do my best to help

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yes I understand what you are saying, but the question suggests that higher prices are more elastic, while your response seems to suggest that lower prices are more elastic (maybe I didnt read it correctly)

I mean obviously people are going to be much more responsive to price changes in cars that cost thousands, then gum that costs less then a dollar, I just can't put it into words

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Oh its just that as prices increase with costly goods tend to increase as a % of total value (well they do with all things except in odd conditions like a price floor and the like).  Since their total value is more its a larger differential.  

180k house versus a 160k house might not be much difference in house but its a lot of difference in cost.  Sorry if my first post was confusing I was a bit distracted earlier by hunger - not that I've eaten since thent hough.