The price elasticity of demand measures how demand changes in response to changes in price. For example, some products have very inelastic demand, such as certain Lego Star Wars figures.

The newer products are more price-inelastic than the older versions, so Honeywell will see less of a drop in demand by selling them at a higher price than by doing the same with older products.

He cited goods with inelastic demand. One is gasoline, he said. “You commute, you drive, you take your kids to school and your demand for that is inelastic to the price,” he said.

A survey of 1,005 U.S. consumers by MKM Partners found that demand for pot appears to be just as inelastic as demand for alcohol.

Ulta just triggered a rare Golden Cross pattern and is flashing signs of breakout potential. With self-care demand holding firm despite tariffs and inflation, here's why ULTA stock could surge to ...

A survey of 1,005 U.S. consumers by MKM Partners found that demand for pot appears to be just as inelastic as demand for alcohol. Have a confidential tip for our reporters? Get in Touch ...