What does inelasticity mean?
Definitions for inelasticity
-læˈstɪs ɪ tiin·elas·tic·i·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word inelasticity.
Princeton's WordNet
inelasticitynoun
the lack of elasticity
Wiktionary
inelasticitynoun
The quality of being inflexible
ChatGPT
inelasticity
Inelasticity, in economics, refers to a situation where the quantity demanded or supplied of a good or service doesn't significantly respond to changes in its price. It's a measure of how much consumers and producers change their behavior when the price of a good or service changes. If the quantity doesn't change much when the price changes, the product is said to be inelastic. This term can also be applied in physics to refer to collision where kinetic energy is not conserved.
Webster Dictionary
Inelasticitynoun
want of elasticity
Matched Categories
Numerology
Chaldean Numerology
The numerical value of inelasticity in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of inelasticity in Pythagorean Numerology is: 2
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Translations for inelasticity
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"inelasticity." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/inelasticity>.
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