What are the differences between elastic and inelastic demand

Elastic Demand	Inelastic Demand
(i) When a little change in the price of a product results in a substantial change in the quantity demand, it is known as elastic demand.	(i) Inelastic demand refers o a change on the price of a good result in on or slight change in the quantity demanded.
(ii) When the demand is elastic, the curve is shallow.	(ii) When the demand is inelastic, the slope will be steep.
(iii) The elastic of demand can be calculated as a percent change in the price of the commodity to the price, if the coefficient of elasticity of demand is greater than, equal to 1, then the demand is elastic.	(iii) But if it`s less than one the demand is said to be inelastic.
(iv) In the case of elastic demand, the price and total revenue move in the opposite direction.	(iv) With inelastic demand. The price and total revenue moves in the same direction.
(v) Items of comforts and luxuries have elastic demand.	(v) Items of the necessity have an inelastic demand.
(vi) Figure:	(vi) Figure: