Steel is generally considered to be an elastic material within certain limits. It can deform under stress but will return to its original shape once the stress is removed, as long as the deformation does not exceed its yield strength. However, if the stress surpasses this threshold, steel will behave inelastically and undergo permanent deformation. Thus, its behavior can be both elastic and inelastic, depending on the applied stress levels.
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
Highly elastic.
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.