Q=473.5-38.5P. c.Which coffee has the higher short-run price elasticity of demand?Why do you think this is the case? Instant coffee is significantly more elastic than roasted coffee.In fact,the demand fo roasted coffee is inelastic and the demand for instant offee is elastic.Roasted coffee may have an inelastic demand in the short-run as many people think of coffee as a necessary good.Changes in the price of roasted coffee will not drastically affect demand because peopl must have this good.Many people,on the other hand,may view instant coffe asa convenient itute for roasted For example,if the price rises a little,the quantity demanded will fall by a large percentage because people woul rather drink roasted coffee instead of paying more for a low quality substitute. Q=473.5-38.5P. c. Which coffee has the higher short-run price elasticity of demand? Why do you think this is the case? Instant coffee is significantly more elastic than roasted coffee. In fact, the demand for roasted coffee is inelastic and the demand for instant coffee is elastic. Roasted coffee may have an inelastic demand in the short-run as many people think of coffee as a necessary good. Changes in the price of roasted coffee will not drastically affect demand because people must have this good. Many people, on the other hand, may view instant coffee, as a convenient, though imperfect, substitute for roasted coffee. For example, if the price rises a little, the quantity demanded will fall by a large percentage because people would rather drink roasted coffee instead of paying more for a low quality substitute