Welcome to Some Sports Economics, a six-part video series explaining ... live - but stadium food costs a fortune? It’s called inelastic pricing and in the third part of this series, Liam looks ...

Elasticity is an economic concept that demonstrates the effect of a product price change on demand. For example, a product such as milk is an inelastic product, since a price change will not ...

Good econ teachers want students to see economics in daily life ... Ah yes, (econ lesson here) such is what we call “inelastic demand.” In this case, a business where the quantity bought ...

An elastic economic factor changes relatively easily in relation to a change in another factor. An inelastic economic factor changes very little when another element is significantly altered.

Other things with inelastic demand include food, medicine and even coffee. If the prices of those things go up? “People just suffer,” said Tal Gross, a professor of managerial economics at ...

Use a supply and demand graph for Swift’s concert tickets ... is the supply likely to be elastic or inelastic, and how does this affect the equilibrium price?