3 ms·
It's actually the other way around: demand is said to be inelastic if changes in price have little impact on it.
by joshuaali 8y ago
It's actually the other way around: demand is said to be inelastic if changes in price have little impact on it.
- baddox 8y agoUgggh, yes, no matter how much I read about this stuff I will always get that backwards. I think I always mix it up because I think of the price tolerance being elastic instead of the demand being elastic.