Are Shoes Elastic Or Inelastic

Are Shoes Elastic Or Inelastic. By definition elastic demand will continue at its pre-existing rate My point, there is always a point where elastic demand can suddenly turn into inelastic demand. Collisions can be elastic or inelastic.

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So there are degrees of how inelastic. Usage example: economists speak of an inelastic price structure. The elasticity for the subject shoes is small to non-existent.

As adjectives the difference between elastic and inelastic. is that elastic is capable of stretching; particularly, capable of stretching so as to return to an original shape or size when force is released while inelastic is lacking elasticity; inflexible, unyielding.

Elastic means that a price decrease will lead to greater gross revenues, or a price increase will lower them.

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is soap elastic or inelastic supply. In an elastic collision, both momentum. Inelastic goods have fewer substitutes and price change doesn't affect quantity demanded as much.