Phrases with «inelastic demand»

The phrase "inelastic demand" refers to a situation where the quantity of a product or service demanded by consumers does not change significantly, even when the price of the product or service changes. In other words, people still buy the product or service even if the price goes up or down, as the demand doesn't vary much. Full definition

inelastic demand

Sentences with «inelastic demand»

Having a completely inelastic demand for equities is a bit bonkers; no - one acts that way with life's other important commodities. (arichlife.passionsaving.com)
Ofcos matters of price discrimination also come into play n not forgetting the elasticity n cross elasticity too of the tickets coz in a case of inelastic demand, then the tickets price can go up but with little or no effect on sales. (justarsenal.com)
In general they have rather inelastic demand compared to other sectors of the economy and for the companies with strong brands they have excellent pricing power. (wealthypioneers.com)
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Phrases with «inelastic demand»

Sentences with «inelastic demand»

See also