Question

You have $100 to invest in the stock market. Choose a company that would be considered an inelastic company -- it should meet 3 of the 4 requirements to be inelastic. Explain: 1) What stock(s) you chose and how much (so for example, what is the stock price and how did you break up the $100 (for example I chose stock x, which is currently trading at $32.00 a share and I would buy 3 shares) 2) Why that stock would be considered inelastic and why you chose it

Answer 1

The most striking feature of the oil market is the low price elasticity of demand. That means demand for oil is not very responsive to changes in prices. It is easy to see this by looking at your own life. If you have a car, you usually continue driving to work, going to stores, and visiting friends regardless of the price of gasoline. Your demand for oil does not change very much based on the price, and it works the same way for others.

Micro-Savings/Micro-Investment Apps. We're talking about how to invest $100. ...

Stocks – Fractional Shares. ...

High-Yield Online Savings Accounts. ...

Build an Investment Portfolio with Robo-Advisors. ...

Buy a Portfolio with Index-Based Exchange Traded Funds (ETFs) ...

Open a Traditional or Roth IRA.

Investing can change your life for the better, and the sooner you start, the more you'll have in your investing account in the long run. But many people mistakenly think that unless they've got thousands of dollars lying around, there's no good place to put their money.

The fact is, even if you have only a small amount, you can start investing. In this article you'll learn about five great ways to invest a few hundred dollars. By choosing the method that appeals most to you based on your risk tolerance -- or by mixing and matching multiple ideas -- you can get on the path toward long-term financial security and build up a nest egg that you'll be able to tap whenever you need it.