What are the different kinds of elasticity in demand?


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Please provide the different kinds of elasticities and some examples. 

Nov 23rd, 2017

The different kinds are inelastic and elastic. Inelastic is when change of pricing doesn't effect the demand of a product such as medications, people will still buy it. Elastic is when pricing of a product effects the demand of the product such as meat. People will buy less because meat isn't a necessity and there are alternatives. 

Jan 25th, 2015

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Nov 23rd, 2017
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Nov 23rd, 2017
Nov 24th, 2017
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