Respuesta :
Inelastic means that if the price go up the quantity of purchased swimsuits remains almost the same or varies a little. So it would be a good idea to increase the price a bit to take advantage of the economic situation.
When a buyer's demand for a product does not fluctuate as much as its price does, this is referred to as inelastic demand. When prices rise by 30% but demand falls by just 2%, the demand is said to be inelastic.
Mention some situations of inelastic demand?
This is a common occurrence with regular household products and services. People will continue to buy roughly the same amount of goods or services as they did before the price increase since their requirements remain constant.
A similar issue arises when prices fall - demand will not increase significantly because consumers only have a limited need for the product (s).
Thus, Typically a corporation would cut the price to promote demand in order to address an inventory surplus. In this instance, I assume the swimsuit company would offer an end-of-season bargain to clear off excess inventory.
For more information about Inelastic demand refer to the link:
https://brainly.com/question/13572905
