What does inelastic mean?
Definitions for inelastic
ˌɪn ɪˈlæs tɪkin·elas·tic
This dictionary definitions page includes all the possible meanings, example usage and translations of the word inelastic.
Princeton's WordNet
inelasticadjective
not elastic
"economists speak of an inelastic price structure"
GCIDE
Inelasticadjective
(Economics) reacting little to changing price; -- of demand; as, Potatoes have an inelastic demand.
Wiktionary
inelasticadjective
lacking elasticity; inflexible, unyielding
Wikipedia
Inelastic
In economics, elasticity measures the percentage change of one economic variable in response to a percentage change in another. If the price elasticity of the demand of something is -2, a 10% increase in price causes the demand quantity to fall by 20%.
ChatGPT
inelastic
Inelastic, pertaining to economics, refers to a situation where changes in price do not significantly influence the demand or supply of a product or service. Alternatively, in physics, it describes a collision where kinetic energy is not conserved due to the action of internal friction. In general, inelastic can refer to something that does not change in response to certain factors or stimuli.
Webster Dictionary
Inelasticadjective
not elastic
Chambers 20th Century Dictionary
Inelastic
in-ē-las′tik, adj. not elastic: incompressible.—n. Inelastic′ity.
Anagrams for inelastic »
sciential
elasticin
Numerology
Chaldean Numerology
The numerical value of inelastic in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of inelastic in Pythagorean Numerology is: 2
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Translations for inelastic
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"inelastic." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/inelastic>.
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