Elasticity of Demand
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[This article is part of a longer article. Download the whole article in its original format.] A "perfectly" elastic demand curve is horizontal, a "perfectly" inelastic demand curve is vertical [Diagram goes here  download the original pdf to see it.] A perfectly elastic demand curve. The price remains the same regardless of the quantity supplied to the market. [Diagram goes here  download the original pdf to see it.] A perfectly inelastic demand curve. The quantity demanded remains the same regardless of what the price of the good is.

Contents of Elasticity of Demand
1 Elasticity of Demand, Elastic and Inelastic Demand 2 "Perfect" elasticity and inelasticity 3 Price elasticity of demand 4 Calculations involving elasticities 5 Determinants of elasticity 6 Changes in elasticity along a demand curve
