Colander (2013:572) for example implies that aggregate demand is quite inelastic
with respect to the price level because "While all economists agree about the logic of the interest rate effect, the international effect, and the money wealth effect, most also agree that for small changes in the price level, the net effect is relatively small.
Several scholars have pointed to the role played by artificial building constraints, particularly zoning and growth-management laws, in making the short-term supply of housing more inelastic
ep scattering proves that for a very high energy, elastic events are very rare (see , p.
However, because the earlier demand studies have been replicated with different or expanded data sets, for many sports, and using different estimation techniques, overwhelming empirical evidence now exists that professional sports teams purposefully set ticket prices in the inelastic
region of demand.
The model considers the increase of inelastic
strain and the degradation of the concrete stiffness.
y] > 0 by the lemma, the first-period wage tax is strictly positive unless employment or second-period leisure is perfectly inelastic
Fresh produce is price inelastic
in terms of consumption and there is a danger of squeezing all the value out of the product.
As the oil crisis of the 1970s demonstrated, while the demand for oil is inelastic
in the short run, consumers do eventually adjust to higher prices.
The company has a reputation for typically seeking out niche or monopoly assets with inelastic
demand, including toll roads and airports.
The curve is very elastic until supply reaches approximately 31 mboed (millions of oil-equivalent barrels per day) and then becomes almost totally inelastic
when it reaches 32 mboed.
This paper attempts to correlate the crack growth rate results with the average inelastic
strain accumulated in a single cycle with the help of FEA.
The market remains extremely sensitive to any sort of supply disruption while demand remains inelastic
despite the rise in prices throughout the summer," analysts at Refco said.