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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
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Economics
Concept Version 6
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Defining Price Elasticity of Demand

Perfectly Elastic Demand

Perfectly Elastic Demand

When the demand for a good is perfectly elastic, any increase in the price will cause the demand to drop to zero.

Source

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

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

Related Terms

  • Unit Elastic
  • elastic
  • inelastic
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