For example, if the price of a good went from $5 to $8 (60%) and the demand went from 100 units to 70 units (30%), the value is 30/60 = 0.5, meaning the good is inelastic.

In this video we will learn about the perfectly Inelastic collision. Coefficient of restitution is equal to zero, which means that after the collision both the bodies stick together and move ...