Demand curve shifting occurs whenever there's a ... when a change in price does not change the quantity demanded. A relatively elastic good is where elasticity lies between one and infinity ...

tend to be relatively elastic. The demand curve for a perfectly inelastic good is depicted as a vertical line in graphical presentations because the quantity demanded is the same at any price.

Demand for fuel is, in most cases, relatively inelastic. Conversely, a TV is an item with relatively elastic demand – or demand that easily changes. In most markets, if the price of a TV were to ...