Economics

Pakistan
December 28, 2010 1:28pm CST
Is There any goods which are inelastic in nature? If yes then please explain
1 response
thefish
@thefish (8)
• United States
28 Dec 10
Yes, textbooks. The demand is inelastic due to always a need for textbooks because when a professor assigns it, you get it for the class. The number of books needed would still be the same.