Inelastic demand means that when the price of a good or service goes up, consumers’ buying habits stay about the same, and when the price goes down, consumers’ buying habits also remain unchanged.

What Is an Elastic or Inelastic Demand Curve?. The demand curve is a concept in economics that plots the price of a product or service against how much of the product or service people buy ...

An inelastic economic factor changes very little when another element is significantly altered. For example, if the price of gasoline were to go up significantly, demand wouldn't suddenly tank.

When consumers have an inelastic demand for a product they will continue to buy even when the price rises. Demand for cigarettes, for example, remains strong in spite of big price increases.

The inelastic markets hypothesis provides some very interesting intellectual fodder for investors. At the very least, it gives a plausible explanation for why markets have been so robust despite ...