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

  1. inelasticitynoun

    the lack of elasticity

Wiktionary

  1. inelasticitynoun

    The quality of being inflexible

ChatGPT

  1. 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

  1. Inelasticitynoun

    want of elasticity

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Numerology

  1. Chaldean Numerology

    The numerical value of inelasticity in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of inelasticity in Pythagorean Numerology is: 2

Popularity rank by frequency of use

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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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