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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

inelastic

adj. relatively unresponsive to change. See PRICE ELASTICITY OF DEMAND, PRICE ELASTICITY OF SUPPLY, INCOME ELASTICITY OF DEMAND, CROSS-ELASTICITY OF DEMAND.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Large publishers can also raise the prices significantly every year given the demand inelasticity thus forcing libraries to cut smaller publications and increasing the large publishers' market power even more (see Landesman and Van Reenan <http://dx.doi.org/10.3998/3336451.0006.203>).
Eventually, soft budget constraint and price inelasticity must be at the core of a disequilibrium team sports league model.
In other words, the procedure of national notes issue did not help national banks to respond promptly to the aggregate demand for currency--a problem known as the 'inelasticity' of the currency.
Lack of seal because of border under extension in depth and width, resorption of residual ridge and inelasticity of cheek.
The relative inelasticity of the perineum in nulliparae, which is reduced after one or more deliveries, might be responsible for this.10 The induction with oxytocin is significantly associated with perineal tear, Haadem et al11 had the same results, and suggested that this might be due to increased pressure on the perineum or the inelastic vaginal tissue which might be responsible for the slow progress of labour, hence indicating the use of oxytocin.11
Other strengths include price inelasticity and the fact that magazines generate strong profits, inventory turns and positive cash flow.
Supply inelasticity implies that firms having these kinds of resources may be able to generate above normal profits, but that these profits don't lead to an increased market supply.
gasoline prices because they are highly visible, and the inelasticity of
According to Suha Mardelli, HR director at Bayt.com, an online recruitment site, virtual education although a brilliant solution to the inelasticity of the talent supply and demand cycles in the region, e-learning needs greater recognition from both regulatory authorities such as the Ministry of Education and enterprises operating in the region to drive its adoption further.
The preceding analysis has argued that a necessary component for the recent housing bubble was the relative inelasticity of housing supply in many states.
Of particular relevance to Boat is the passage in Berg-son's famous treatise on laughter in which he writes that society is "suspicious of all INELASTICITY of character, of mind and even of body, because it is the possible sign of a slumbering activity as well as of an activity with separatist tendencies, that inclines to swerve from the common centre round which society gravitates: in short, because it is the sign of an eccentricity" In other words, Bergson believed that the comic must be the policeman of "unsociability," by which he meant socially divisive attitudes or practices.
The federally mandated renewable fuels standard for ethanol is shifting normal supply-and-demand forces within commodities markets, leading to an "inelasticity" that has led to market volatility and wild swings in corn prices, according to Purdue University agricultural economist Wally Tyner.