Nomura said that the direct impact of higher chip tariffs on Asia will be muted for two reasons: limited room for substitution and price inelasticity of AI demand. It, however, maintained that the ...

According to analysts, Nigerians will still demand airtime and data irrespective of their new prices as the demand for the product is inelastic. The inelasticity of demand means that price changes ...

Eggs often pop up in economics classes as an example of goods that are price-inelastic. In other words, a large increase in ...