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inelastic

 - 4 dictionary results

in⋅e⋅las⋅tic

[in-i-las-tik]
–adjective
1. not elastic; lacking flexibility or resilience; unyielding.
2. Economics. relatively unresponsive to changes, as demand when it fails to increase in proportion to a decrease in price. Compare elastic (def. 6).

Origin:
1740–50; in- 3 + elastic


in⋅e⋅las⋅tic⋅i⋅ty [in-i-la-stis-i-tee] , noun


1. inflexible; rigid, uncompromising.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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in·e·las·tic   (ĭn'ĭ-lās'tĭk)   
adj.  Lacking elasticity; unyielding or unadaptable. See Synonyms at stiff.
in'e·las·tic'i·ty (-ĭ-lā-stĭs'ĭ-tē) n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Medical Dictionary

Main Entry: in·elas·tic
Pronunciation: "in-i-'las-tik
Function: adjective
: not elastic —in·elas·tic·i·ty /-i-"las-'tis-&t-E, -"E-"las-, -'tis-tE/ noun plural -ties
Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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