Economics
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Boundless Economics
Elasticity and its Implications
Price Elasticity of Demand
Economics Textbooks Boundless Economics Elasticity and its Implications Price Elasticity of Demand
Economics Textbooks Boundless Economics Elasticity and its Implications
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 6
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Defining Price Elasticity of Demand

Perfectly Inelastic Demand

Perfectly Inelastic Demand

When demand is perfectly inelastic, quantity demanded for a good does not change in response to a change in price.

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    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Elasticity-inelastic."
    http://en.wikipedia.org/wiki/File:Elasticity-inelastic.png Wikipedia CC BY-SA.

Related Terms

  • Unit Elastic
  • elastic
  • inelastic
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