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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 — 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
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 neutron scattering — is an experimental technique commonly used in condensed matter research to study atomic and molecular motion as well as magnetic and crystal field excitations.It distinguishes itself from other neutron scattering techniques by resolving the… … Wikipedia
Inelastic electron tunneling spectroscopy — (IETS) is an experimental tool for studying the vibrations of molecular adsorbates on metal oxides. It yields vibrational spectra of the adsorbates with high resolution ( … Wikipedia
inelastic demand — ➔ demand * * * inelastic demand UK US noun [U] ECONOMICS ► the situation in which a change in a product s price causes very little change in the amount of the product that is sold: » Gasoline is a commodity with inelastic demand, he said. →… … Financial and business terms
inelastic supply — ➔ supply2 * * * inelastic supply UK US noun [U] COMMERCE ► a market situation in which a change in the price of goods or services does not produce a similar change in supply: »The perfectly inelastic supply for tickets means that any shift in… … Financial and business terms
