× 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 79 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
  1267 People Browsing
 121 Signed Up Today
Related Images
  
 566
  
 302
  
 321
Your Opinion
Who's your favorite biologist?
Votes: 586

Previous poll results: What's your favorite coffee beverage?