Inelastic In`e*las"tic, a. 1. Not elastic. [1913 Webster]

2. (Economics) reacting little to changing price; -- of demand; as, Potatoes have an inelastic demand. [PJC]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • inelastic — in‧elas‧tic [ˌɪnɪˈlæstɪk◂] adjective ECONOMICS used to say that a change in something, for example, the price of a product, makes another thing, for example the demand for it, change by only a small amount: • Coffee is a fairly inelastic… …   Financial and business terms

  • inelastic — index inflexible, rigid Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • inelastic — (adj.) 1748, from IN (Cf. in ) (1) not, opposite of + ELASTIC (Cf. elastic). Figurative use attested by 1867 …   Etymology dictionary

  • inelastic — [in΄ē las′tik, in΄i las′tik] adj. 1. not elastic; inflexible, rigid, unyielding, unadaptable, etc. 2. Econ. not responding to changes in price: said of the demand for, or supply of, particular goods or services inelasticity [in΄ē΄las tis′ə tē] n …   English World dictionary

  • Inelastic — An economic term used to describe the situation in which the supply and demand for a good are unaffected when the price of that good or service changes. When a price change has no effect on the supply and demand of a good or service, it is… …   Investment dictionary

  • inelastic — adjective /ˌɪnəˈlæstɪk/ lacking elasticity; inflexible, unyielding He spoke languidly, and only those few words, like a watch with an inelastic spring, that just ticks a moment or two and stops again …   Wiktionary

  • inelastic — adjective Date: 1748 not elastic: as a. slow to react or respond to changing conditions b. inflexible, unyielding • inelasticity noun …   New Collegiate Dictionary

  • inelastic — inelasticity /in i la stis i tee/, n. /in i las tik/, adj. 1. not elastic; lacking flexibility or resilience; unyielding. 2. Econ. relatively unresponsive to changes, as demand when it fails to increase in proportion to a decrease in price. Cf.… …   Universalium

  • inelastic — in·elas·tic .in i las tik adj not elastic in·elas·tic·i·ty i .las tis ət ē, .ē .las , tis tē n, pl ties * * * in·elas·tic (in″e lasґtik) lacking elasticity …   Medical dictionary

  • inelastic — Synonyms and related words: adamant, adamantine, cast iron, dour, firm, flinty, grim, hard, hard core, immovable, immutable, implacable, impliable, inductile, inexorable, inextensible, inextensile, inextensional, inflexible, intractable,… …   Moby Thesaurus

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