Depending on who you ask, a rent-to-own store could be a good place to get some furniture or electronics as a short-term purchase. Or it could be one of the biggest scams around. The most telling aspect of the way these stores do business is the pricing. In most of these establishments, prices are not marked.
Report Abuse. If the demand is inelastic, the number of units stays pretty much the same whether the price goes up or down. In this example, the price goes down, and demand stays the same, so total revenue will also go down.n the case of perfectly inelastic demand, i.e. demand does not change, the number of units sold will not change at all, so revenue will decrease by the same percentage that the price falls. Source(s): Degree in Economics.
Elasticity of demand is consumers' responsiveness or sensitivity to changes in price. Elastic demand is when consumers buy significantly more or less of a product when its price changes. Inelastic demand means that an increase or decrease in price will not significantly affect demand for the product. The boot camp is providing some examples of the types of elasticity. One of the toy company's products is a baby item that simulates a car driving.