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 A Brand Is Powerful Ann Mills Share This Previous Articlegross national product (GNP) Next ArticleM2 December 17, 2020
inelastic demand
