Inelastic demand is a term used to describe the unchanging quantity of a good or service when its price changes.

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.

Demand and supply mirror each other such that there could never be too much demand or supply, and by extension, neither have anything to do with inflation.

The article The Effects of Inflation on the Supply and Demand Curve for Bonds originally appeared on Fool.com. Try any of our Foolish newsletter services free for 30 days.