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 ?
In spite of the fact, that the particularity of RS is remarkable, the conversion efficiency of Raman effect is rather poor, since only a scarcity (about [10.sup.-7]) of the initial photons are inelastically scattered.
for inelastically demanded goods, where the demand curve is fairly flat,
Each capitalist owns one unit of capital and inelastically supplies her capital to competitive firms.
Individuals will instantaneously acquire education given the quality of public education and their individual ability level, migrate with their individual probability in the case of integrated labor markets, supply inelastically one unit of labor, receive their wages and pay the resultant 'education' tax to their native jurisdiction.
The other big result is that if something is inelastically supplied, then you should tax the hell out of it.
When an agent is born, she is endowed with a fixed quantity of labor, [bar.l] = l/[phi], she supplies inelastically on the labor market in the very first period of her life only.
We assume that each worker supplies inelastically a unit of labor.
These simplified nonlinear analysis procedures have been implemented within a well known evaluation documents such as ATC-40 [3] (based on the capacity spectrum method) and FEMA-273 [4] (based on the displacement coefficient method), in order to determine the displacement demand imposed on a building expected to deform inelastically.
Given that saving is positively, but inelastically, related to public goods, we might conclude that some minor crowding out of private investment might accompany increased spending on public services.
This can be used to remove inelastically scattered electrons (for contrast enhancement) or to select element specific energy losses for elemental distribution images.
Assume that each consumer inelastically demands [theta] units; that is, each consumer will purchase [theta] units--no more, no less--at any price.
One crucial restriction common to both of the above-mentioned papers is that labor supply is assumed to be fixed inelastically in the recipient economy.