Thus, in the event of a price change, the entire demand curve will either shift to the right or shift to the left, depending on the change. References Tutor 2u: Microeconomics - Price Elasticity ...

Price elasticity and inelasticity remain the same in both demand curves and inverse demand curves. Airlines are experts at using demand curves and inverse demand curves to set ticket prices.

The price elasticity of a product describes how sensitive suppliers and buyers are to changes in price. It doesn't change in relation to supply and demand , but it defines the slope of each curve.