Difference between revisions of "Inelastic Demand"
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'''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. | ||
| − | == See | + | == See also == |
[[Elastic Demand]] | [[Elastic Demand]] | ||
Revision as of 14:19, July 13, 2016
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.