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inelastic |
Also found in: Dictionary/thesaurus, Financial | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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That situation coupled with inelasticity in demand for tires led to the crunch. The energy price rise related to the energy supply curve's inelasticity poses a serious problem for economic policymakers, particularly the Federal Reserve Board. The laughable consists of a certain mechanical inelasticity," observed French philosopher Henri Bergson, "just where one would expect to find the wide-awake adaptability of a human being. |
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