| Elasticity Range | Elasticity Description | Price Increases | Price Decreases |
| Ed < -1, |Ed| > 1 | Elastic | Revenues Fall | Revenues Rise |
| Ed = - 1, |Ed| =1 | Unitary Elastic | Revenues Unchanged | Revenues Unchanged |
| 0 > Ed > -1, |Ed| < 1 | Inelastic | Revenues Rise | Revenues Fall |