inelastic Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “inelastic” in the English Dictionary

"inelastic" in Business English

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uk   us   /ˌɪnɪˈlæstɪk/
ECONOMICS relating to a ​situation in which the ​amount of a ​productsold or ​suppliedchanges very little in relation to the product's ​price: Cereal ​prices are considered "inelastic," ​meaning that a 10-percent ​priceincrease tends to ​boostsupplies by only one or two ​percentagepoints. Supply of ​oil is notoriously inelastic: it can only ​respond slowly to ​pricechanges.
(Definition of inelastic from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “inelastic”
in Chinese (Simplified) 无变化的…
in Chinese (Traditional) 無變化的,不容許變化的,沒有彈性的…
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