Re:Lyft Files for IPO
by joshuaali on Friday December 07, 2018 @05:14PM
(#18632182)
It's actually the other way around: demand is said to be inelastic if changes in price have little impact on it.
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Ugggh, yes, no matter how much I read about this stuff I will always get that backwards. I think I always mix it up because I think of the price tolerance being elastic instead of the demand being elastic.