Inelastic
The product will tend to be elastic if the purchase of a product could possibly be delayed.
The factors that determine whether a product has elastic, inelastic, or unit-elastic demand in the market include the availability of substitutes, the necessity of the product, the proportion of income spent on the product, and the time frame considered.
elastic
The midpoint between elastic and inelastic is unit elastic
is soap elastic or inelastic supply
The product will tend to be elastic if the purchase of a product could possibly be delayed.
The factors that determine whether a product has elastic, inelastic, or unit-elastic demand in the market include the availability of substitutes, the necessity of the product, the proportion of income spent on the product, and the time frame considered.
elastic
The midpoint between elastic and inelastic is unit elastic
is soap elastic or inelastic supply
elastic
product whose demand is elastic are jewells(gold,silver,platinum,dimond,etc) fuel(petrol,disel,kerosene,etc) sugar detergents soaps(washing and bathing) products whose demand is inelastic are salt fruits food and vegetables
just check momentum before and after and if they're the same then elastic if not then inelastic.
difference between elastic and inelastic demand
Either elastic or inelastic
elastic
I would say that salt and food grains have an inelastic demand and television has an elastic demand.