Inelastic
[in-i-las-tik] /ˌɪn ɪˈlæs tɪk/
adjective
1.
not ; lacking flexibility or resilience; unyielding.
2.
Economics. relatively unresponsive to changes, as demand when it fails to increase in proportion to a decrease in price.
Compare (def 6).
/ˌɪnɪˈlæstɪk/
adjective
1.
not elastic; not resilient
2.
(physics) (of collisions) involving an overall decrease in translational kinetic energy
adj.
1748, from in- (1) “not, opposite of” + elastic. Figurative use attested by 1867.
Read Also:
- Inelastic-collision
noun, Mechanics. 1. a collision in which the total kinetic energy of the colliding bodies or particles is not the same after the collision as it was before (opposed to ). inelastic collision (ĭn’ĭ-lās’tĭk) Physics A collision between bodies in which the total kinetic energy of the bodies is not conserved. In an inelastic collision, […]
- Inelastic demand
Demand whose percentage change is less than a percentage change in price. For example, if the price of a commodity rises twenty-five percent and demand decreases by only two percent, demand is said to be inelastic. (See elasticity.)
- Inelasticity
[in-i-las-tik] /ˌɪn ɪˈlæs tɪk/ adjective 1. not ; lacking flexibility or resilience; unyielding. 2. Economics. relatively unresponsive to changes, as demand when it fails to increase in proportion to a decrease in price. Compare (def 6). /ˌɪnɪˈlæstɪk/ adjective 1. not elastic; not resilient 2. (physics) (of collisions) involving an overall decrease in translational kinetic energy […]
- Inelastic-scattering
noun, Physics. 1. a scattering of particles due to an inelastic collision that also changes their wavelengths and phases.
- Inelastic supply
Supply whose percentage change is less than a percentage change in price. For example, if the price of a commodity drops twenty-five percent and supply decreases by only two percent, supply is said to be inelastic. (See elasticity.)