If the demand for an item changes proportionately more than the price changes, then the item is price elastic. For example, if a 1 percent price increase leads to a decrease in demand of 2 percent ...

In economics, the demand for a certain good or service is represented by the demand curve. The demand curve is plotted on a graph with price labeled on the y-axis and quantity labeled on the x-axis.

The demand curve for items that are less elastic or inelastic is steeper (closer to the vertical axis). Inelastic goods are generally necessities, for which there are few, if any, substitutes.

If the price elasticity of demand for corporate bonds was less than one, which would happen if demand changed by less than the 5% change in price, corporate bonds would have an inelastic demand.

What Is Inelastic Demand? Inelastic demand is an economic term referring to the static quantity of a good or service when its price changes. Inelastic demand means that when the price goes up ...

The price elasticity of demand measures how demand changes in response to changes in price. For example, some products have very inelastic demand, such as certain Lego Star Wars figures.

Thanks to evidence from the secondary ticket market, the prime-time tickets for Super Bowl XLVIII will be super-sized. As Matthew Futterman of the Wall Street Journal reported Tuesday, club-level ...

This paper establishes supply and demand elasticities for a broad set of commodities based on a consistent dataset and identification methodology. We apply granular IV methods to a new cross-country ...