Question

When is demand inelastic?

Answer 1

Answer:

Inelastic demand in economics is when people buy about the same amount whether the price drops or rises. ... Likewise, they don't buy much more even if the price drops. Inelastic demand is one of the three types of demand elasticity.

Examples of inelastic demand

Petrol – those with cars will need to buy petrol to get to work.

Cigarettes – People who smoke become addicted so willing to pay higher price.