What is the meaning of Inelastic?

Inelastic refers to the economic concept of the inability to quickly adjust supply or demand despite changes in market conditions.

Barry Goldsmith
5
 
|15 years ago|728 views|share |citing 
APABarry Goldsmith. (2010). inelastic. Retrieved September 20, 2026, from http://smartdefine.org/inelastic/definitions/1156041
ChicagoBarry Goldsmith. 2010. "inelastic" http://smartdefine.org/inelastic/definitions/1156041 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, inelastic, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/inelastic/definitions/1156041>.
MLABarry Goldsmith. "inelastic" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/inelastic/definitions/1156041>
{ class="autoclick" }next definition (/)