Inelastic
It is inelastic because it is a necessity, which is a factor that determines price elasticity, bread is a staple diet around the world which makes it a need and therefore a necessity which is inelastic.
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.
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
elastic
Highly elastic.
An elastic item benefits from price decreases whereas an inelastic item does not.
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.