Series 3: Price Inelastic

Taken from our National Commodities Futures Examination

Definition of the term Price Inelastic...

a  term that describes a product whose price has little impact on how much is produced or consumed.

Since you're reading about Series 3: Price Inelastic, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 3
Please Enable Javascript
to view this content!