inelastic
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inelastic
adj.
inflexible, not pliable
Elasticity (economics)
In
economics,
elasticity is the measurement of how responsive an economic variable is to a change in another. It gives answers to questions such as:
- "If I lower the price of a product, how much more will sell?"
- "If I raise the price of one good, how will that affect sales of this other good?"
- "If the market price of a product goes down, how much will that affect the amount that firms will be willing to supply to the market?"
inelastic
Adjective
1. not elastic; "economists speak of an inelastic price structure"
(antonym) elastic
(similar) dead
(see-also) inflexible
Inelastic
(a.)
Not elastic.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
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, intractile, intransigent, iron, irreconcilable, irresilient, nonelastic, nonstretchable, relentless, rigid, rigorous, rock-ribbed, steely, stern, stiff, stubborn, unaffected, unalterable, unbending, unchangeable, uncompromising, unextendible, unextensible, unflexible, ungiving, unlimber, unmalleable, unmoved, unpliable, unpliant, unrelenting, untractable, unyielding
Source: Moby Thesaurus, which is part of the
Moby Project created by Grady Ward. In 1996 Grady Ward placed this thesaurus in the public domain.