Economists use elasticity of demand to gauge how responsive consumers are to changes in price and income, but investors can also use elasticity of demand to help make more informed investing ...

The Difference Between Elastic and Inelastic Demand To recap, the key differences between elasticity and inelasticity of demand are as follows: ...

Inelastic demand exists when customers buy roughly the same amount of a good regardless of most factors, while elastic demand means that demand increases or decreases significantly depending on ...

Elasticity is especially important for investors. A company that specializes in inelastic products will likely be a relatively steady investment, regardless of economic conditions.

Historically elastic sources of oil demand are becoming more predictable at a variety of prices, and this is driving OPEC to raise demand forecasts.