What Is Inelastic? Definition, Calculation, and Examples of Goods
2024年6月15日 · "Inelastic" is an economic term referring to the static quantity of a good or service when its price changes. Inelastic demand means that when the price goes up, consumers’ buying habits stay...
Elasticity vs. Inelasticity of Demand: What's the Difference?
2024年10月16日 · Demand is considered inelastic if the demand for a good or service remains unchanged, even when the price changes.
Inelastic Definition & Meaning - Merriam-Webster
The meaning of INELASTIC is not elastic. not elastic: such as; inflexible, unyielding; slow to react or respond to changing conditions… See the full definition
INELASTIC | English meaning - Cambridge Dictionary
For skilled occupations the supply of labour is typically fairly inelastic, because few workers are capable of doing the work. The demand for services such as water, gas, and electricity is …
Inelastic Definition & Examples - Quickonomics
2024年4月29日 · In economics, inelastic refers to a condition where the demand or supply of a good or service is relatively unresponsive to changes in price. This means that even substantial price changes have only a minor effect on the quantity demanded or supplied.
INELASTIC | definition in the Cambridge English Dictionary
Cereal prices are considered "inelastic," meaning that a 10-percent price increase tends to boost supplies by only one or two percentage points. Supply of oil is notoriously inelastic: it can only …
What Is Inelastic Demand? - Economics Online
2021年12月18日 · Inelastic demand takes place when the demand for a product doesn’t change as much as the price does. For instance, if the price rises 20%, but the demand only goes down by 1%, that product’s demand is said to be inelastic.
Inelastic - definition of inelastic by The Free Dictionary
Define inelastic. inelastic synonyms, inelastic pronunciation, inelastic translation, English dictionary definition of inelastic. adj. 1. Lacking elasticity; unyielding or unadaptable. See Synonyms at stiff.
Inelastic Supply Definition & Examples - Quickonomics
2024年9月8日 · Inelastic supply refers to a situation where the quantity supplied of a good or service does not change significantly in response to changes in price. This concept is one of the foundational ideas in economics, highlighting how certain products or resources have a limited ability to adjust to market price fluctuations.
INELASTIC Definition & Meaning - Dictionary.com
Inelastic definition: not elastic; lacking flexibility or resilience; unyielding.. See examples of INELASTIC used in a sentence.
- 某些结果已被删除