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inelasticity adjective

in·e·las·tic

The adjective form of inelasticity is inelastic

I i

Definitions

  • adjective inelasticity not elastic; lacking flexibility or resilience; unyielding. 1
  • adjective inelasticity Economics. relatively unresponsive to changes, as demand when it fails to increase in proportion to a decrease in price. Compare elastic (def 6). 1
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