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Updated: Jan 20, 2026

06:46
Author Spotlight: Understanding the Effect of Herbal-Cake-Separated Moxibustion in Rats with Renal Faliure
Published on: December 22, 2023
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Taxing confectionery, biscuits, and cakes to control obesity
J Bernadette Moore1, Barbara A Fielding2
1School of Food Science and Nutrition, University of Leeds, Leeds LS2 9JT, UK j.b.moore@leeds.ac.uk.
Abstract
No abstract available in PubMed .
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Inelastic demand refers to a situation where the quantity demanded of a good changes minimally in response to price fluctuations. Goods with inelastic demand, such as essential commodities like rice, exhibit this behavior because consumers prioritize these goods regardless of price changes. In economic terms, the demand curve for these goods is steep, reflecting minimal sensitivity to price.
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Elastic demand occurs when a small change in price results in a significant change in the quantity demanded. Luxury goods typically exhibit elastic demand since they are not essential, and consumers are more sensitive to price changes. The demand curve for these goods is relatively flat, indicating that even the slightest price increases can lead to large reductions in sales.
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