(economics) Insensitive to changes in price.
inelastic
Definitions, parts of speech, synonyms, and sentence examples for inelastic.
Editorial note
Demand is pretty inelastic when the alternative is being homeless.
Quick take
(economics) Insensitive to changes in price.
Meaning at a glance
The clearest senses and uses of inelastic gathered in one view.
(literal or figurative) Lacking elasticity; inflexible, unyielding.
(US, politics) Resistant to swings during elections; predictable.
Definitions
Core meanings and parts of speech for inelastic.
adjective
(economics) Insensitive to changes in price.
See also: dead, springless, nonresilient
adjective
(literal or figurative) Lacking elasticity; inflexible, unyielding.
See also: dead, springless, nonresilient
adjective
(US, politics) Resistant to swings during elections; predictable.
See also: dead, springless, nonresilient
Example sentences
Demand is pretty inelastic when the alternative is being homeless.
In addition, sins are often easy to tax because consumption is rather inelastic, due to there being few alternatives.
That's why San Francisco is so expensive: not desirability, but regulatory corruption pushing down supply of an extremely inelastic product.
They are working with relatively inelastic materials and as such they will work very differently from animal muscles, tendons and ligaments.
And you can get price spikes/crashes because in the short term demand is inelastic.
You're comparing one of the most demand inelastic services with an incredibly elastic one.
For something like housing, gasoline, or illegal drugs (typical inelastic goods) prices could double.
If you mean that there is a more 'inelastic' equilibrium constant, then keep in mind that the concentration level governed by such a constant is dependent on rate in versus rate out, and there are certainly ongoing inputs of ag water.
But you need to have inelastic demand for that, otherwise I doubt it can be considered a viable strategy.
Then they experimented and realize that demand is inelastic to price.
Prices are fairly inelastic so there's not that much competition.
A - Demand for oil is notoriously inelastic.
Quote examples
Precious metals are one solution of the age old conundrum: "What gift do you get for the man who has everything?" This relatively inelastic desirability makes gold valuable for trade.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use inelastic in a sentence?
Demand is pretty inelastic when the alternative is being homeless.
What does inelastic mean?
(economics) Insensitive to changes in price.
What part of speech is inelastic?
inelastic is commonly used as adjective.