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

  1. inelasticadjective

    not elastic

    "economists speak of an inelastic price structure"

GCIDE

  1. Inelasticadjective

    (Economics) reacting little to changing price; -- of demand; as, Potatoes have an inelastic demand.

Wiktionary

  1. inelasticadjective

    lacking elasticity; inflexible, unyielding

Wikipedia

  1. 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

  1. 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

  1. Inelasticadjective

    not elastic

Chambers 20th Century Dictionary

  1. Inelastic

    in-ē-las′tik, adj. not elastic: incompressible.—n. Inelastic′ity.

Anagrams for inelastic »

  1. sciential

  2. elasticin

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Numerology

  1. Chaldean Numerology

    The numerical value of inelastic in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of inelastic in Pythagorean Numerology is: 2

Popularity rank by frequency of use

inelastic#10000#41985#100000

Translations for inelastic

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"inelastic." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/inelastic>.

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    interchangeable with `means' in the expression `by means of'
    A hypernym
    B encumbrance
    C recital
    D dint

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