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. | ||
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Revision as of 15:27, April 4, 2007
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.