For example, a demand curve is inelastic if the price of an item increases by 1 percent and purchases decrease by half a percent.

Good econ teachers want students to see economics in daily life. Who might guess that a sour-faced dental receptionist could trigger a trifecta of examples and painful memories? A problem tooth sta… ...

Inelastic Demand Example Generally speaking, staples and necessities have inelastic demand.

He cited goods with inelastic demand. One is gasoline, he said. “You commute, you drive, you take your kids to school and your demand for that is inelastic to the price,” he said.

Historically elastic sources of oil demand are becoming more predictable at a variety of prices, and this is driving OPEC to raise demand forecasts.

A survey of 1,005 U.S. consumers by MKM Partners found that demand for pot appears to be just as inelastic as demand for alcohol.

We present evidence of inelastic demand for risky sovereign bonds and explore its implications for optimal government debt policies. Using monthly changes in the composition of a major international ...