Sentences with phrase «inelasticity of»
Given the current relative inelasticity of demand for fossil fuel in the USA how much would you have to tax it to reduce consumption in order to meet your goal?
https://judithcurry.com/
But supply / demand has another factor, «stickyness» or the more technical term, «inelasticity of demand.»
As more saturated fatty acids enter the cell, those islands grow in size, creating increasing inelasticity of the membrane and gradually damaging the entire cell.
Such an attitude derives from an inelasticity of mind which takes for its criterion a home - loving population living on highly durable soils and growing food for both subsistence and export.
Not exact matches
Conditions are generally expected to remain tight, in part due to short - run inelasticity in the supply of ships and continued strong world activity.
Obviously, there are degrees of elasticity (and inelasticity), and the characterization of demand depends on the broadness or narrowness of the categorization of the item of which you speak: «entertainment» vs. «written entertainment» vs. «books» vs. «fiction» vs. «space fiction» vs. «space fiction by someone whose last name is Scalzi» etc..
Of coures if you are a real peak oiler and think we will have a hard, hard bust (and I'm not... I think those types are a little nutty), then the inelasticity is a bit irrelevant.