Copyright Law, Basics, and Fair Use. A quiz on various things about copyright law, the basics of it and its protective rights, and fair use basics. This is based on Dr. Shaw's PowerPoints and the Purdue Copyright Web Site. STUDY.
Supply and Demand. When the economy sours, investors tend to move out of stocks and into bonds. In most free market situations, when demand exceeds supply, prices tends to rise. But when it comes to bonds, increased demand tends to cause the initial interest rate to decline.
Therefore, inelastic demand occurs when the ratio of quantity demanded to price is between zero (perfectly inelastic) and one (unit elastic). Here's a real life example using beef prices in 2014. Prices rose 28%, but demand only fell 14.9%. Here's the actual demand schedule.