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Define The Term "Inelastic"​

2 Answers

5 votes

Answer:

: not elastic: such as. a : inflexible, unyielding. b : slow to react or respond to changing conditions

Step-by-step explanation:

hope it helps you:)

User Isabsent
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8 votes

Answer:

its about stuff you need day to day

like water, gasoline, housing, and food

when the price goes up or down consumers' buying habits are the same

"static quantity of a good or service when its price changes"

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User Seiji Armstrong
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