inelastic demand

A successful monopoly would have a relatively inelastic demand curve.

However, since such commodities face inelastic demand, the extent to which they will sell in the market is limited.

Alcohol and tobacco are generally assumed to be products with a very inelastic demand.

Inelastic demand - One strategy to penetrate a market is to sell at a lower price than the incumbents.

If you remember I used the example of agriculture, right, where it is generally observed that agricultural products have a price inelastic demand, okay.

Due to the inelastic demand for these journals, the commercial publishers lost little of the market when they raised the prices significantly.

It is effective only when the firm is facing an inelastic demand curve.

Drug sellers face what in the jargon of the economics profession is known as an inelastic demand curve.

Inelastic demand is where demand does not fall as fast as price rises failing to control inflation.

"We have an inelastic demand."

Those individuals or corporations who have the most inelastic demand curve pay the brunt of the excess burden curve.

With an inelastic demand for loans, interest rates may have to rise to very high levels in order to bring the required reduction in monetary growth.

Because of the highly inelastic demand for grain, however, this effort only further decreased prices and revenues, impoverishing peasants even more (Rothschild 23).

In economic terms, the incumbents who were still subject to retail price caps were faced with inelastic demand (see also: Demand response).

Also, some customers with relatively inelastic demands may acquire a strong incentive to seek alternatives if charged higher markups, thus undermining the method.

Then by rearrangement of (2.3): Hence, margins on goods in relatively elastic demand should be lower than those on relatively inelastic demand.

Lastly, MMT does not ignore the effect of an over-reliance on imported goods (such as oil) with highly inelastic demand.

To check you have grasped the idea of incidence, try drawing for yourself a market with a relatively elastic supply curve and a relatively inelastic demand curve.

Episode 17 - Perfect Competition & Inelastic Demand: Can the Farmer Make a Profit?

Brand loyalty: an attachment to a certain brand-either out of tradition or because of proprietary barriers-can override sensitivity to price changes, resulting in more inelastic demand.

The 'break point' is the cost at which inelastic demand becomes elastic, i.e. the cost at which constant consumption begins to decrease.

If indirect taxes are levied on goods with highly inelastic demand curves, then the indirect taxes will be largely passed on to consumers as higher prices.

As the two accompanying diagrams show, perfectly elastic demand is represented graphically as a horizontal line, and perfectly inelastic demand as a vertical line.

Demand and supply: If a country has elastic demand and supply it gives more gains from trade vice-verse with inelastic demand and supply.

Politically, customers with relatively inelastic demands may also be considered as those for whom the service is more necessary or vital; charging them greater markups can be challenged as unfair.