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inelastic demand

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The situation where the number of units sold is not influenced by a change in selling price. In
other words, a price increase does not have a corresponding decrease in the number of units
sold.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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