'''Inelastic Demand''' is low [[elasticity]]. The percent change in quantity over the percent change in price is a number less than one. Inelastic goods can have their prices raised without significantly affecting the demand. | '''Inelastic Demand''' is low [[elasticity]]. The percent change in quantity over the percent change in price is a number less than one. Inelastic goods can have their prices raised without significantly affecting the demand. |