Elastic Vs Inelastic Elastic is the result of the price changing and the consumer still demanding the produce. As forinelastic‚ this is the result of the price changing although the demand decreases. The difference between elastic andinelasticare determined by the demand of the product...
If the price elasticity of demand is -2.714, is it elastic or inelastic? What is the price elasticity of demand when the price is $10? What is the price elasticity of demand when the price is $5? What is the elasticity of deman...