inelastic

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

“It’s like the Bay Area on steroids in that we have an incredibly inelastic supply,” said Paul Cheshire,” an emeritus professor of economic geography at the London School of Economics.

From New York Times

The vast majority of people who hire lawn services will continue to do so; i.e., inelastic demand.

From Seattle Times

“Refineries are even more constrained now so supply is nearly fully inelastic,” he wrote on Twitter.

From Seattle Times

Unless the demand for that good is perfectly inelastic, such as the demand for a lifesaving medication with no substitutes, the company will be forced to share the tax burden.

From Washington Post

In other words, gasoline is a relatively "inelastic" commodity in economic terms.

From Salon