Economics
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Boundless Economics
Elasticity and its Implications
Price Elasticity of Supply
Economics Textbooks Boundless Economics Elasticity and its Implications Price Elasticity of Supply
Economics Textbooks Boundless Economics Elasticity and its Implications
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 8
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Applications of Elasticities

Inelastic Demand

Inelastic Demand

For inelastic demand, when there is an outward shift in supply and prices fall, there is no substantial change in the quantity demanded.

Source

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

    "IB Economics/Microeconomics/Elasticities."
    http://en.wikibooks.org/wiki/IB_Economics/Microeconomics/Elasticities Wikibooks CC BY-SA 3.0.

Related Terms

  • elastic
  • supply
  • inelastic
  • demand
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