Vocabulary Entry

inelastic

|adjective

adjective

Describing a material or economic situation that does not change in response to different factors, often referring to demand that remains constant despite price changes.

Example Sentences

"The demand for essential goods is often inelastic, as people need them regardless of price changes."

"Inelastic materials are used in manufacturing when consistent properties are required."

"Economists often analyze inelastic goods to understand consumer behavior."