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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.
[[Category:Economics]]
[[Category:Economics]]