Is Gold Inelastic Or Elastic? Gold import demand is found to be moderately inelastic to unitary elastic with respect to gold price in the long-run with income elasticity being highly elastic suggesting that gold is a luxury commodity. In the short-run, however, gold demand demonstrates high elasticity with respect to its price. Is gold perfectly
Is Price Discrimination Good For Society? Companies benefit from price discrimination because it can entice consumers to purchase larger quantities of their products or it can motivate otherwise uninterested consumer groups to purchase products or services. Is price discrimination successful? The following conditions must be met for price discrimination to be successful: Firms must be
Is Food Demand Elastic Or Inelastic? Although demand for food is relatively inelastic, the power of small price changes, especially applied to foods most responsive to such changes, should not be underestimated given that their effects accumulate across a population. Our review had limitations. Why is the demand for food inelastic? The impact of changes