inelastic

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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.

inelastic

adj. relatively unresponsive to change. See PRICE ELASTICITY OF DEMAND, PRICE ELASTICITY OF SUPPLY, INCOME ELASTICITY OF DEMAND, CROSS-ELASTICITY OF DEMAND.
References in periodicals archive ?
As assumed above, all workers inelastically supply one unit of labor; therefore the full employment of skilled workers requires that
ABSTRACT--The technique of zero degree electron spectroscopy, first developed in studies involving ion-atom collisions, have been applied to study the energy distribution of electrons inelastically scattered to the K-shell ionization limit.
Each industrial worker is endowed with one unit of labor in the first period, which is supplied inelastically.
What about the large number of industries which are not themselves dependent on inelastically available resources and which, more or less, appear to satisfy the other conditions for perfect or at least "workable" competition?
Norum's (1990) estimates of a modified stock-adjustment model (Bryant and Wang 1990) for the time period 1929-1987 show that consumers react inelastically to changes in clothing prices and income variables.
Brittle" deformation implies that a product like roasted coffee beans behave inelastically, fracturing as a result of time-dependent strain.
You know, oil is demanded pretty inelastically -- we don't have a lot of good substitutes for it -- but the ability of the economy to move away from using those particular factors is still stronger than in most economies.
21, 2015 /PRNewswire/ -- Introduction Stretchable electronics concerns electrical and electronic circuits and combinations of these that are elastically or inelastically stretchable by more than a few percent while retaining function.
Suppose now each consumer in the model economy is endowed with one unit of time which is supplied inelastically to the market.
The workers each supply one unit of labor inelastically.
Each agent has measure 0 and is endowed with one unit of labor when young, which he supplies inelastically.
This interruption of neutrinos, due to the nucleons of Jupiter scattering and inelastically capturing some small, but non-trivial, proportion of particles and/or radiation causes a decrease in radioactive decay rate because of the consequent decrease in the particle flux transferring momentum to the nuclei of Po-210.