inelastic


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Related to inelastic: inelastic collision

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 ?
For inelastic scattering up to about 100 keV, the KN factor has a rapidly convergent Legendre series [24].
Certainly small gas molecules in our atmosphere will hit the Earth's rough surface and have a certain amount of their kinetic energy pumped/imposed upon them in various inelastic collisions with Earth's surface.
Comparing with the damage variable [D.sub.E] based on the specimen stiffness degradation in literature [9, 15], the damage variable D in this work is more considerable for its characterization of the coupling of stiffness degradation and inelastic deformation.
The more intense result of [sup.197]Au is attributed not only to its density (higher than [sup.139]La) but also to the combined effect of inelastic scattering (threshold at 0.1MeV).
We have computed total cross sections for coherent and inelastic neutrino-nucleus scattering as a function of the neutrino energy and also averaged total cross sections for solar [sup.8]B neutrinos and supernova neutrinos scattering off the most abundant xenon isotopes.
Therefore, an inelastic deformation as the dislocation slip and thermal activation could be considered, whereas the differences in deformation conditions could be described by internal variables.
In the energy literature, it is observed that oil demand is income elastic and price inelastic (Dahl, 1994 and Narayan and Smyth, 2007).
For the occurrence of inelastic buckling, the slenderness of the member is [lambda] = 180[micro]/3.1717, where [mu] is the effective length factor.
We also expect to find the demand for terrorism insurance to be more price inelastic for reasons we explained in the Introduction.
Peyronie's disease is characterized by the presence of inelastic collagen on the shaft of the penis, which can cause the penis to curve during erection and may make sexual intercourse difficult or impossible in advanced cases.
Because these two curves pass through the same point, the flatter represents the greater elasticity and is labeled [AD.sup.EL] while the steeper and more inelastic aggregate demand is [AD.sup.IN].
The topics include general problems in solid mechanics and nonlinearity, inelastic and nonlinear materials, material constitution using representative volume elements, differential geometry and calculus on manifolds, and computer procedures for finite element analysis.