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Most consumer goods and services have a price elasticity between 0.5 and 1.5, The closer to zero, the more price 'inelastic' the demand is said to be.— MoneyWeek RSS - All
As for energy demand being inelastic, nothing could be further from the truth.— RealClimate
The demand isn't inelastic: it only seems so because the price of oil is still so low that it's cheaper (in the short run) to give heating oil vouchers than to make energy-efficient houses.— RealClimate
If the demandaoriood Y is inelastic, then ncreases as quantity ldemanded increases.— Refinance 2nd Mortgage
If the percent change in quantity demanded is less than the percent change in price, then the good is considered "inelastic".— Conservapedia - Recent changes [en]
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