Demand for a good or service that decreases when the price of the good or service increases, and increases when the price decreases. Elastic demand is generally a characteristic of goods or services that are not necessities, which consumers may choose not to purchase if the price exceeds a certain threshold.
Related information about elastic demand:
- Price elasticity of demand - Wikipedia, the free encyclopedia
Unit elastic, unit elasticity, unitary elasticity, or unitarily elastic demand ... As the two accompanying diagrams show, perfectly elastic demand is represented ...
- Elasticity (economics) - Wikipedia, the free encyclopedia
A perfectly elastic demand curve is horizontal (with an elasticity of infinity) whereas a perfectly inelastic demand curve is vertical (with an elasticity of 0). Income ...
- What is elastic demand? | AccountingCoach.com Q&A
Elastic demand means that demand for a product is sensitive to price changes. For example, if the selling price of a product is increased, there will be fewer.
- What is elastic demand? definition and meaning
Definition of elastic demand: Demand that increases or decreases as the price of an item goes down or up. See also elasticity of demand.
- Elastic Demand - US Economy - About.com
Jun 27, 2012 ... Elastic demand is when a price change creates a larger percentage change in the quantity demanded.
- Price Elasticity of Demand - Economics - About.com
If PEoD > 1 then Demand is Price Elastic (Demand is sensitive to price changes). If PEoD = 1 then Demand is Unit Elastic. If PEoD < 1 then Demand is Price ...
- Price Elasticity of Demand - NetMBA
Perfectly Elastic Demand Curve. From this demand curve it is easy to visualize how an extremely small change in price would result in an infinitely large shift in ...
- Taxes and Perfectly Elastic Demand | Microeconomics | Khan ...
Who bears the burden for a tax on a good with perfectly elastic demand.