× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
Alyc Alyc
wrote...
Posts: 1
Rep: 0 0
4 years ago
Inelastic and elastic
Read 78 times
1 Reply

Related Topics

Replies
wrote...
Staff Member
4 years ago
Walmart (elastic) root Canada (inelastic )


A product is considered to be elastic if the quantity demand of the product changes drastically when its price increases or decreases. Conversely, a product is considered to be inelastic if the quantity demand of the product changes very little when its price fluctuates.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1130 People Browsing
Related Images
  
 867
  
 256
  
 1006
Your Opinion
What's your favorite coffee beverage?
Votes: 274