inelastic

IPA: ɪnʌɫˈæstɪk

Examples of "inelastic" in Sentences

One of the results of the internet bubble is that certain inelastic inputs had highly inflated prices.
The term inelastic simply refers to a good whose demand is relatively unresponsive to a change in price.
Oil is a poor analog because I’m not sure a short-term inelastic product compares to any form of information.
But demand for many drugs is what economists call inelastic: No matter what drugs cost, people will still pay.
I’m using the term inelastic to mean that, to the extent the plan is funded by the government, you cannot not pay for it.
ShelbyC: I’m using the term inelastic to mean that, to the extent the plan is funded by the government, you cannot not pay for it.
Medical services are inelastic, that is, a slight reduction in availablity pushes up prices dramatically, just like supply & demand for gasoline.
The problem with that logic is that much spending is actually designed to save money, or to compensate for things that economists call "inelastic" in the market.
In economic terms, demand for health care has been relatively inelastic, which is why stock-picking orthodoxy holds that stocks of insurers and drug makers are good to buy in tough times.
The big category of goods dutiable at 5 % or less, on which tariffs stand to be eliminated, consists mainly of primary commodities, and the demand for such goods tends to be relatively "inelastic" - that is, unresponsive to small price changes such as would result from the removal of a 5 % or lower import tariff.