You're confused.Miss Wood is defining the term in general. If demand for a commodity is less elastic it is inelastic. Consider a test for "Intelligence". Now Wooster and Jeeves, best friends, scored 45 and 85 respectively. Can we not then say, that Wooster is "less intelligent" than Jeeves?. It does not mean that everyone who sat for the test is intelligent just because they all participated in the I.Q test. But instead we are looking for whether they are "more" or"less" intelligent when compared to others
The same thing applies even here.
Last edited by a moderator: Nov 17, 2013