Inelasticity of Demand

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MONASH Marketing DictionaryDownload this dictionary
Inelasticity of Demand
demand which is not greatly affected by a change in the price of the product. See Elasticity of Demand.

2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.

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