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## Inelastic Demand

 Quote by domyy price elasticity of demand. Oh no, I think I am mixing everything. My prof. said we don´t need to find numbers but just discuss what´s the price elasticity of demand. This is confusing to me.
Ignore how these concepts apply to your "business model" and focus strictly on the relationships describe in the various supply/demand concepts.

At this level of evaluating comprehension of comparatively simple concepts, I'm sure you would be able to find diagrams that illustrate these concepts visually (which tends to be easier to "absorb").

Or choose a product that is an "extreme" example. Something like insulin, or plain white t-shirts have obvious Supply demand relationships with respect to price.