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inelastic demand

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inelastic demand

Demand where a change in price leads to a relatively small change in the quantity of the good or service demanded.
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Since tigers can be bred very easily in captivity, the argument is made that they should be 'farmed' to supply a relatively inelastic demand," he added on the sidelines of a CITES meeting.
Experts suggest tiger breeding to quash poaching by AFP / AFP Global Edition
Based on the premise that there's basically a certain amount of inelastic demand, pricing is not going to create and drive demand," said Lana Yoshii, vice president of product development at Smith Travel Research of Hendersonville, Tenn.
Arkansas hoteliers scrap for travelers by Walden, Jamie / Arkansas Business
Given the inelastic demand associated with tobacco products, I would expect these price increases to have little to no impact on consumer demand for cigarettes.
One smoke'n stock in this bear market by Billy Fisher / Stockhouse
 
 
 
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