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inelastic
(redirected from inelasticity)

    Also found in: Dictionary/thesaurus, Financial, Encyclopedia 0.01 sec.
inelastic [in″e-las´tik]
lacking elasticity.
inelastic
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.
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All of this clearly demonstrates the price inelasticity of industrial demand.
Silver prices to hit new highs in 2010 by Marc Davis, smallcapmedia.com / Stockhouse
Given the inelasticity of most commodity supply, as it takes years to discover and then begin to mine a commodity, a demand crunch is probably in the making at some stage, as exploration and new mine investment has suffered severely in the downturn.
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One exception is Sexton and Zhang (1996), who find support for high retail bargaining power for agricultural products due to the severe inelasticity of supply.
Slotting allowances and manufacturers' retail sales effort by Foros, Oystein; Kind, Hans Jarle; Sand, Jan Yngve / Southern Economic Journal
 
 
 
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