Question

Is one Elastic IP address enough for every instance that I have running

Answer 1

Depends! Every instance comes with its own private and public address. The private address is associated exclusively with the instance and is returned  to Amazon EC2 only when it is stopped or terminated. Similarly, the public address is associated exclusively with the instance until it is stopped or terminated. However, this can be replaced by the Elastic IP address, which stays with the instance as long as the user doesn’t manually detach it. But what if you are hosting multiple websites on your EC2 server, in that case you may require more than one Elastic IP address.