If the demand shifts by more than the shift in price or income, it has elastic demand.
Demand can be classified as elastic, inelastic/unitary. An elastic demand is one in which the modification in quantity demanded due to a transition in price is large. An inelastic demand is one in which the change in quantity required due to a change in price is small.
If demand shifts by less than the change in price or income, it has inelastic demand. When demand shifts by the same amount as cost or income, the good/service has unit elastic demand.
To learn more about inelastic economics visit the link
https://brainly.com/question/1536972
#SPJ4
