what is an inelastic demand ? name any two commodity whose demand inelastic.
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Inelastic demand is one of the three types of demand elasticity. It describes how much demand changes when the price does. ... Elastic demand: When the quantity demanded changes more than the price does. Unit elastic demand: When the quantity demanded changes the same as the price.
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When a large change in price does not bring so much change in demand , the demand is said to be inelastic .
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