inelastic

View more Science videos

adjective

Not changing shape or bending: inflexible, rigid, stiff, unbending, unyielding. See flexible/rigid.

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.

Investopedia Says:
When a price change has no effect on the supply and demand of a good or service, it is considered perfectly inelastic. An example of perfectly inelastic demand would be a life saving drug that people will pay any price to obtain. Even if the price of the drug were to increase dramatically, the quantity demanded would remain the same.

Related Links:
Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more! Economics Basics
The concept of elasticity of demand is part of every purchase you make. Find out how it works. Why We Splurge When Times Are Good
Does the amount of goods and services produced set the pace for economic growth? Here are the arguments. Understanding Supply-Side Economics

1. tissue lacking in elasticity.
2. in financial terms, lack of response in a variable, e.g. inelastic demand, when the demand for, say, veterinary services is not reduced by a downturn in the local economy.

For a list of words related to inelasticity, see:

• Economics and Economic Theory - inelasticity: change in price that causes little change in purchases or production

---

Dansk (Danish)
n. - uelasticitet

Français (French)
n. - rigidité, inélasticité, (Écon, Phys) inélasticité

Deutsch (German)
n. - Fehlen von Elastizität

Ελληνική (Greek)
n. - ανελαστικότητα

Italiano (Italian)
inflessibilità

Português (Portuguese)
n. - falta de elasticidade (f)

Русский (Russian)
неэластичность

Español (Spanish)
n. - falta de elasticidad, inflexibilidad

Svenska (Swedish)
n. - brist på elasticitet, stelhet

中文（简体）(Chinese (Simplified))
无弹力, 不适应性, 坚硬性

中文（繁體）(Chinese (Traditional))
n. - 無彈力, 不適應性, 堅硬性

한국어 (Korean)
n. - 부적응성, 비탄력성, 비융통성

日本語 (Japanese)
n. - 融通性のないこと

עברית (Hebrew)
n. - ‮חוסר גמישות, חוסר קפיציות, קשיחות‬

If you are unable to view some languages clearly, click here.