Pitelis and Antonakis ( 2003 ) suggest that, to the extent that manufacturing is characterized by higher productivity, this leads, all other things being equal, to a reduction in relative cost of manufacturing products, thus a reduction in the relative share of manufacturing ( provided manufacturing and services are characterized by relatively inelastic demand ).
22.
It's very simple, tobacco, alcohol, and other " sinful " things have relatively inelastic demand-that means people buy almost as many cigarettes at $ 6 a pack as they did at $ 3 a pack [ http : / / ajae . oxfordjournals . org / content / 50 / 4 / 888 . short.
23.
"Home video continues to be the major growth engine for entertainment companies, " said Tom Adams, president of Adams Media Research of Carmel, Calif . " Abundant supply, seemingly inelastic demand and some of the canniest marketing to be found in the consumer products arena came together to make 1996 a phenomenal year in the home video industry ."
How to say inelastic demand in Hindi and what is the meaning of inelastic demand in Hindi? inelastic demand Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
