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 RideA Tank of GasMovie TicketsSin Taxes: CigarettesCompetition: Pick Two, Get One. Ann Mills Share This Previous Articlegross national product (GNP) Next ArticleM2 December 17, 2020
inelastic demand
inelastic demand
