Probably the easiest way to think about the question of elasticity is "If the price of my product rises, will lots of people stop buying it?" If the answer is "Yes", then the good is elastic. If the answer is "No", then the good is inelastic.
As a result, the question of whether newspapers are elastic or inelastic depends on the community. If you have a community where there are no alternative news sources, newspapers are likely going to be inelastic (because people generally want to know the news). If you have a community with access to substitute news sources, such as television journalism or internet journalism, newspapers are likely to be more elastic. Of course, if you have a community that does not care about the news at all and would not consume news, newspapers would be perfectly elastic since nobody would buy one at any cost.
elastic
The midpoint between elastic and inelastic is unit elastic
is soap elastic or inelastic supply
Inelastic
just check momentum before and after and if they're the same then elastic if not then inelastic.
what is elastic and inelastic collision what is elastic and inelastic collision what is elastic and inelastic collision
elastic
The midpoint between elastic and inelastic is unit elastic
is soap elastic or inelastic supply
elastic
Inelastic
just check momentum before and after and if they're the same then elastic if not then inelastic.
difference between elastic and inelastic demand
elastic
Highly elastic.
elastic
An elastic item benefits from price decreases whereas an inelastic item does not.