Tuesday Electric cars and gas cars are goods that serve the same purpose, but have different elasticities. The price elasticity of demand for electric powered cars is relatively elastic, while the price elasticity of demand for gas powered cars is relatively inelastic. Regarding electric cars, their demand has high elasticity because of the smaller amount of variety in the present market. Since the echnology for these cars is relatively new and many car brands are still working on releasing their version of an electric car, only a few