Printer Friendly
The Free Dictionary
1,083,906,203 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

inelastic
(redirected from inelasticity)

    Also found in: Dictionary/thesaurus, Medical 0.02 sec.
inelastic
Of or relating to the demand for a good or service when quantity purchased varies little in response to price changes in the good or service. For example, the demand for medicines and medical services is generally inelastic because the quantity purchased by consumers is unresponsive to price changes. Producers of products and services facing inelastic demand curves have an easier time passing on price increases. Compare elastic.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
That situation coupled with inelasticity in demand for tires led to the crunch.
Over-inflated: demand has been exceeding supply in the off-road tire ... by Harler, Curt / Recycling Today
The energy price rise related to the energy supply curve's inelasticity poses a serious problem for economic policymakers, particularly the Federal Reserve Board.
Hundred dollar oil, five percent inflation, and the coming recession: ... by Verleger, Philip K., Jr. / The International Economy
The laughable consists of a certain mechanical inelasticity," observed French philosopher Henri Bergson, "just where one would expect to find the wide-awake adaptability of a human being.
Comedy central by Zimmer, Elizabeth / Dance Magazine
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.. Terms of Use.