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Elasticity of Demand


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"Perfect" elasticity and inelasticity


Equations are omitted for technical reasons - download the original pdf

[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

Related articles: (1) Determinants of Demand, (2) Elasticity of Demand