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What's the difference between demand elasticity and demand volatility?

Demand elasticity: https://www.investopedia.com/terms/d/demand-elasticity.asp

Demand volatility: https://www.sdcexec.com/home/article/10289792/supply-chain-strategies-to-manage-volatile-demand

Thanks!

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  • $\begingroup$ Volatile demand is demand which changes a lot (the opposite would be constant demand). Elastic demand is demand which changes a lor in response to change in price (or change in income). Something could have low elasticity and still change a lot because of other reasons for example due to random factors or factors other than price/income. $\endgroup$
    – Alex C
    Commented Apr 24, 2019 at 16:30

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