Inelastic is a term that is used to describe a constant demand for service of goods. That means that when the price for a service or goods goes up the demand stays the same, just like when the price for them goes down.
Inelastic is a term that is used to describe a constant demand for service of goods. That means that when the price for a service or goods goes up the demand stays the same, just like when the price for them goes down.