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Definitions

inelastic

[in-i-las-tik] / ˌɪn ɪˈlæs tɪk /


Example Sentences

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Demand is what economists call inelastic, meaning it doesn't respond to price signals.

From BBC • May 28, 2026

“Oil is the clearest example because short-run demand is relatively inelastic: transportation still needs gasoline and diesel, airlines still need jet fuel, and petrochemical plans still need feedstock,” she said in a note Thursday.

From MarketWatch • Apr. 24, 2026

When demand is inelastic and the social value of consumption is neutral or positive, it doesn’t pay to enforce prohibition.

From The Wall Street Journal • Feb. 25, 2026

I’m also positive on Vital Farms, the market leader in pasture-raised eggs—an inelastic product at grocery stores.

From Barron's • Oct. 16, 2025

In this condition it can be drawn out into threads, but is still inelastic.

From Encyclopaedia Britannica, 11th Edition, Volume 12, Slice 6 "Groups, Theory of" to "Gwyniad" by Various




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