What does it mean if elasticity is more than 1?

A value more than 1 refers to something being relatively elastic.

What does it mean if elasticity is infinity?

A value of infinity refers to something being perfectly elastic.

Y12 Microeconomics Notes

Elasticity | A-Level Economics Notes

Jaisul Naik

12 Feb 2026 • 1 min read

These revision notes cover everything you need to know about Elasticity for A-Level Economics. They're designed for students studying AQA A-Level Economics, Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics tutor since 2017.

What is elasticity?

Elasticity is the responsiveness of one measure in response to another.

What does it mean if elasticity is 0?

A value of 0 refers to something being perfectly inelastic.

What does it mean if elasticity 1?

A value of 1 refers to something being unit elastic.

What does it mean if elasticity is between 0 and 1?

A value between 0 and 1 refers to something being relatively inelastic.