inelastic

[US]/ˌɪnɪˈlæstɪk/
[UK]/ɪnɪˈlæstɪk/
Frequency: Very High

Translation

adj. lacking elasticity, rigid, unable to bend.

Phrases & Collocations

inelastic demand

inelastic supply

inelastic scattering

inelastic collision

inelastic deformation

Example Sentences

The demand for basic necessities is usually inelastic.

Price changes have little effect on inelastic goods.

Luxury items tend to have inelastic demand.

Inelastic supply can lead to shortages in the market.

Certain medications have inelastic demand due to their necessity.

Inelastic pricing strategies may be risky in competitive markets.

Some services exhibit inelastic pricing due to lack of substitutes.

Inelastic labor supply can result in wage disparities.

The demand for addictive substances is often inelastic.

Inelasticity can lead to market inefficiencies and distortions.

Real-world Examples

Previously, all crude was tied up by the big companies in inelastic long-term contracts.

Source: The Economist - Arts

And when kinetic energy isn’t conserved, that’s an inelastic collision.

Source: Crash Course Comprehensive Edition

Generally, collisions can be described as either elastic or inelastic.

Source: Crash Course Physics

And when kinetic energy isn't conserved, that's an inelastic collision.

Source: Crash Course Physics

So, now we know about both elastic and inelastic collisions.

Source: Crash Course Physics

But there’s also such a thing as a perfectly inelastic collision, because... of course there is.

Source: Crash Course Comprehensive Edition

At the same moment we heard the fall of something heavy and inelastic in the upper story.

Source: The New Arabian Nights (Part Two)

Mr Galanis remembers a TV personality who started at $60 and found that demand was inelastic all the way up to $99.

Source: The Economist (Summary)

Instead, a perfectly inelastic collision is what happens when objects stick together.

Source: Crash Course Physics

But there's also such a thing as a perfectly inelastic collision, because... of course there is.

Source: Crash Course Physics

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