inelastic

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inelastic

 [in″e-las´tik]
lacking elasticity.

inelastic

(ĭn″ē-lăs′tĭk) [L. in-, not, + Gr. elastikos, elastic]
Not elastic.

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.
References in periodicals archive ?
All this is done to satisfy both their more traditional and more tech-savvy customers, but it has not made journals noticeably cheaper in general since most savings realized from the cheaper production process are not passed on given the demand inelasticity of consumers.
Such a downward inelasticity of the supply of national notes may be explained by institutional features and to some extent by unit banking regulation.
The REV points to characteristics that potentially engender inelasticity of supply and make suppliers more valuable to the buyer; the buyer can then generate sustainable, competitive advantage by selecting the right suppliers and perhaps by integrating them.
Where equation (3) represents the first stage in which leverage growth is regressed on the Saiz (2008) measure of housing supply inelasticity.
Because such structures, especially those of thin-walled cross-sections, could display very complex structural behavior which comprises both geometric and material inelasticity, has been a major activity of many structural engineering researchers in the recent years.
In so doing, it causes and intensifies political inelasticity.
Disproportionalities may arise also in the replacement of depreciated fixed capital; in the financial system, owing to the inelasticity of the money supply; and in the relationship between total production and total consumption, due to variations in the share of wages in net output (pp.
Barlow explained: "Given the inelasticity of integrity and regulation costs, which are funded by the board, the result has been a brutal reduction in the other heads of expenditure, principally fixture incentive payments and prize-money.
In: Elasticity and inelasticity of metals, IL, Moscow, 1954, 271-306.
However, this same inelasticity protects schools during economic downturns when property owners continue to pay those same taxes, even if their income is reduced, as assessors do not reduce property values in a timely manner.
The income inelasticity of public health care in most of the provinces of Pakistan indicates that health care is generally viewed as a necessity in that country.
9) Regimes 3A and 3B reflect market fear of shortages for crude oil production capacity, as well as a new OPEC policy of limiting output while markets made the upward (ratchet-type) adjustments based on this fear, coupled with increasing inelasticity of demand due to world-wide economic expansion.