Inelastic demand is a term used to describe the unchanging quantity of a good or service when its price changes.

Elasticity is an economic term that describes the responsiveness of one variable to changes in another. It commonly refers to how demand changes in response to price.

For example, a demand curve is inelastic if the price of an item increases by 1 percent and purchases decrease by half a percent.

Segment 4C: Collisions We differentiate between elastic and inelastic collisions ...

Physicists recognize two distinct types of collisions: “elastic” and “inelastic.” They have technical definitions, but we won’t go too far wrong if we think of an elastic collision as ...

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.