Answer: The demand for latex glove is elastic.
Step-by-step explanation:
Price elasticity of demand is the degree to which the want for a good or service changes as its price rises. Individuals desire less of goods as the goods less become more expensive. For some products, the customer's desire drop sharply with a little price rise, and for other goods and services, it could stay almost the same or constant even if there is a big increase in price. Elasticity is used to show sensitivity to price change.
Elastic demand occurs when a little price change has a big effect on the quantity demanded by the consumers. Also, when prices increases just a bit, consumers will stop buying as much as they use to and wait for such goods to return to their normal price.
The demand for latex glove is elastic as a little change in price brings about a large and significant increase in the quantity purchased by the consumers.