Topic: Inelastic Products
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Answers to Common Questions
Which products are the most inelastic?
salt,water,matchbox and school bags Read More »
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Why are the unique products price inelastic?
inelastic is supply and demand trends. inelastic means the demand only slightly or never really changes. things like luxury items, sports cars, mansions, penthouse apartments, high class call girls, all of them stay at steady prices because... Read More »
Source: http://wiki.answers.com/Q/What_is_product_inelastic
What is an inelastic product?
Inelastic means not elastic; lacking flexibility or resilience; unyielding. Read More »
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More Common Questions
Answers to Other Common Questions
elasticity is the measure of how the quantity supplied of a good or service changes in response to price. therefore, inelasticity would be products that require producers to invest large sums of money in order to produce them. So when the d...
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Source: http://wiki.answers.com/Q/What_does_it_mean_when_the_demand_for_a...
some examples of elastic and inelastic supply are: elastic: Gasoline is a really good example. When gasoline prices dip, everyone drives in to fill up their tank. In this case, when price drops slightly, quantity purchased jumps drastically...
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Source: http://wiki.answers.com/Q/What_are_examples_of_products_with_elas...
Caffeine from coffees and teas. The caffeine is an inelastic supply because there arent many substitutes for caffeine. --Wayne Also products like salt and pepper are inelastic because people can consume only so much of them. --Danny R.
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Source: http://wiki.answers.com/Q/Is_steel_inelastic
Elastic prodcuts: gum, soda, luxury goods; Inelastic products: gas, food, shelter
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b. inelasticity means that price increases or decreases do not appreciably impact on consumer demand. (this includes such things as salt, etc). elasticity means that price increases or decreases have a large impact on demand (includes such ...
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Source: http://answers.yahoo.com/question/index?qid=20071023183716AAxcZKZ
A product is supply inelastic if the % change in quantity is smaller than the % change in price, not responsive to price change.
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Milk. It's when the price of a commodity drops twenty-five percent and supply decreases by only two percent.
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