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inelasticity

UK
/ˌɪn.ɪ.læsˈtɪs.ɪ.ti/
US
/ˌɪn.ɪ.læsˈtɪs.ə.ti/

Translations

inelasticitynoun
inelasticities
pl
The inelasticity of demand for basic goods means that price changes have little effect on consumption.
Неэластичность спроса на основные товары означает, что изменения цен мало влияют на потребление.
Synonyms
rigidity
stiffness
inflexibility
unresponsiveness
inelasticityadjective
UK
/ˌɪn.ɪ.læsˈtɪs.ɪ.ti/
US
/ˌɪn.ɪ.læsˈtɪs.ə.ti/
Used attributively before a noun to qualify another noun (e.g., "inelasticity coefficient").

Definitions

inelasticitynoun
The quality or state of being inelastic, or not easily stretched or changed in shape.
The inelasticity of the rubber band made it unsuitable for the project.
In economics, the degree to which the quantity demanded or supplied of a good or service is unaffected by changes in price.
The inelasticity of demand for basic necessities means that consumers will continue to buy them even if prices rise.
inelasticityadjective
Used attributively: relating to or involving inelasticity.
The researchers examined several inelasticity factors in the material's behavior.
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