What is inelastic demand? What is the economic significance of an inelastic demand? Learn about inelastic demand, and its impact on economic decision making.

Derived demand and inelastic demand are two exceptions to the law of demand that affect business markets. Explore different kinds of demand, look closely at examples of inelastic …

Learn about inelastic demand in this 5-minute video lesson. Explore its graph, then master this key economic concept by taking an optional quiz for practice.

Learn what price elasticity is. Discover how to find price elasticity of demand, study examples of price elasticity, and examine a price elasticity graph.

Understand what elasticity of demand is and discover different types of elasticity of demand. Learn how it is measured and review the elasticity of demand formula.

The elasticity of demand and supply determines how the tax burden will be shared between the buyer and seller. If the demand for a good is inelastic, then the consumer will likely bear a …

Learn what price elasticity is. Discover how to find price elasticity of demand, study examples of price elasticity, and examine a price elasticity graph.

In this lesson, you will be introduced to the concept of an elastic demand and how to determine if the demand is elastic. Two methods will be presented along with examples.

Graphs Showing Elasticity of Demand Economists define "elasticity" as the change in Quantity Demanded relative to the change in Price. There are three primary categories or degrees of …

Business travelers have inelastic demand for airline tickets while vacation travelers have elastic demand. Use two graphs to show what would happen if the government imposes a tax on …