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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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Industries which have more inelastic demand, variable supply/demand, and a smaller number of participants are more likely to have an empty core, in which case they tend toward collusion in order to resolve the empty core, particularly during recessionary periods.
Application of core theory to the U.S. Airline industry by Raghavan, Jayathi / Journal of Academy of Business and Economics
Second, a revaluation of the RMB may cause the trade deficits to widen rather than shrink, because China's products are often necessities with inelastic demands.
Is the Chinese currency, the renminbi, dangerously undervalued and a ... by The International Economy
which experience relatively inelastic demand for their products and services and don't have to fear competition from regional malls.
New decade brings bumps in the retail road by Biddle, Wing / Real Estate Weekly
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