inelastic demand The situation when quantity responds minimally to a price change and, as a result, total expenditures move in the same direction as price. Related Related Articles: Why an Airline Seat Is Like a Hotel Room and a Disney RideThe Inelastic Side of InflationHow Bruce Springsteen Should Price His Platinum TicketsHow We’ve Responded To Rising Restaurant PricesHow Harry Styles Shifts Our Demand Curves Ann Mills Share This Previous Articlegross national product (GNP) Next ArticleM2 December 17, 2020
inelastic demand
