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What is meant to be inelastic …

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What is meant to be inelastic demand? Compare it with the perfectly inelastic demand ?

    • Posted by Shahnawaz Gazi 7 years ago

    CBSE > Class 12 > Economics
    • 2 answers

    Zeel Patel 7 years ago

    Inelastic demand is that demand which are highly neccesary example colgate.In exam we have to just justify whether it is elastic or inelastic examinar will give marks

    1Thank You

    Gaurav Kr. 7 years ago

    When price elasticity is less than 1 ( (Es←1) so demand is inelastic

    1Thank You

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