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 also == | |
| + | |||
| + | *[[Elastic Demand]] | ||
| + | |||
| + | *[[Price Elasticity of Demand]] | ||
| + | |||
| + | *[[Diesel]] | ||
| + | |||
| + | *[[Guns or butter]] | ||
| + | |||
| + | [[Category:Economics]] | ||
Latest revision as of 17:19, June 26, 2026
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.