inelasticity

This inelasticity occurs because many riders are transit-dependent and would use transit anyway, and many commuters wouldn’t consider using transit no matter the fare.

Given the inelasticity of oil markets, any effort to ban Russian oil exports can dramatically increase global oil prices, reducing the impact on the punished country and creating pain for energy consumers.

Eric Gray, director of commerce, subscriptions, and pricing — covering “inefficiencies and lack of integration of Apple’s payment processing services; app pricing and inelasticity of demand; fraud and other abuse in Apple’s ecosystem.”

In one segment, Hedges opines that modern society’s lack of upward mobility — its class inelasticity — has made the outward appearance of wealth matter disproportionately more than ever.

Besides inelasticity of demand, there is also possibly even more inelasticity of supply.