'Inelastic' definitions:

Definition of 'inelastic'

From: WordNet
adjective
Not elastic; "economists speak of an inelastic price structure" [ant: elastic]

Definition of 'Inelastic'

From: GCIDE
  • Inelastic \In`e*las"tic\, a.
  • 1. Not elastic. [1913 Webster]
  • 2. (Economics) reacting little to changing price; -- of demand; as, Potatoes have an inelastic demand. [PJC]

Words containing 'Inelastic'