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What is inelastic demand?

Anonymous

∙ 13y ago

Updated: 10/27/2022

demand for goods that although its price is increased , you still want to buy it

Wiki User

∙ 13y ago

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Demand and its types?

Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.

Is the demand for insulin perfectly inelastic?

No, the demand for insulin is not perfectly inelastic.

Different degrees of elasticity of demand?

Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.

Is the price and demand for junk food elastic or inelastic?

elastic

Is the demand for insulin elastic or inelastic?

The demand for insulin is considered inelastic, meaning that changes in price do not significantly affect the quantity demanded.

Related Questions

Demand and its types?

Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.

Is the demand for insulin perfectly inelastic?

No, the demand for insulin is not perfectly inelastic.

Difference between elastic and inelastic demand?

difference between elastic and inelastic demand

Different degrees of elasticity of demand?

Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.

Is the price and demand for junk food elastic or inelastic?

elastic

What is the fiscal policy?

What is inelastic demand

Is the demand for insulin elastic or inelastic?

The demand for insulin is considered inelastic, meaning that changes in price do not significantly affect the quantity demanded.

What are the different types of demands?

Inelastic Demand & Elastic Demand

When a change in price does not lead to changes in demand the demand is called?

inelastic demand

If the elasticity equals 0 is demand perfectly elastic or perfectly inelastic?

it is perfectly inelastic

An elasticity measure less than one means that demand is what?

for elasticity less than one the demand will be inelastic, i.e there will be very less effect of price on the demand.It will be relative inelastic or inelastic.

When the price of a good will cause total revenue to fall if price elasticity of demand is elastic or inelastic?

when price changes it is called inelastic demand and when quantity of demand change that is called elastic of demand.

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