Definition of «inelastic»

Inelastic means not able to be stretched or compressed, and it also refers to something that does not change in response to a situation. In economics, inelastic demand refers to a situation where there is no change in the quantity demanded of a product even when there is a change in its price.

Phrases with «inelastic»

Sentences with «inelastic»

Ofcos matters of price discrimination also come into play n not forgetting the elasticity n cross elasticity too of the tickets coz in a case of inelastic demand, then the tickets price can go up but with little or no effect on sales. (justarsenal.com)
Taylor received the Nobel Prize in Physics in 1990 together with Jerome I. Friedman and Henry W. Kendall for discoveries about deep inelastic scattering of electrons on protons and bound neutrons, insights that have been crucial for the development of the quark model. (lindau-nobel.org)
The government subsidy helps the mortgage industry sell larger loans but with such an incredibly inelastic supply in housing, the subsidy mainly leads to higher demand, higher home prices, more household debt and less household spending on stuff that creates jobs for other people. (realestatedecoded.com)
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