Related Lessons Related Courses Price Elasticity of Demand | Formula, Equation & Examples Price Elasticity of Supply | Types, Determinants & Examples Derived vs. Inelastic Demand in Business Markets Price Elasticity of Demand | Definition, Formula & Examples Start...
Inelastic Demand in Business Markets Price Elasticity of Demand | Definition, Formula & Examples Start today. Try it now Economics 102: Macroeconomics 16 chapters | 137 lessons | 14 flashcard sets Ch 1. Scarcity, Choice, and the Production Possibilities... Scarcity in Economics | Definition...
Business[Econ.]relatively responsive to change, as to a proportionate increase in demand as the result of a decrease in price. Cf.inelastic(def. 2). Physicsof, pertaining to, or noting a body having the property of elasticity. n.
elastic collision an elastic collision is one where there is no net loss in kinetic energy in the system due to the collision. inelastic collision an inelastic collision is a type of collision where this is a loss of kinetic energy. the lost kinetic energy is transformed into thermal energy,...