Inelastic demand for a product means that if the product's price goes up,demand for it increases,but if a product's price goes down,demand decreases.

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Inelastic demand means that demand for a product is not sensitive to changes in its price. Therefore, if the price of a product goes up, demand will not increase as much as it would if demand were elastic. Similarly, if the price of a product goes down, demand will not decrease as much as it would if demand were elastic.

Inelastic Demand for a Product Means That If the Product's