Home > Terms > Armenian (HY) > ոչ էլաստիկ պահանջարկ

ոչ էլաստիկ պահանջարկ

Situation where the demand for a product does not increase or decrease correspondingly with a fall or rise in its price. From the supplier's viewpoint, this is a highly desirable situation because price and total revenue are directly related; an increase in price increases total revenue despite a fall in the quantity demanded.

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