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Inelastic

8 Replies to “ Inelastic ”

  1. Brazilkree says:
    Inelastic Describes a supply or demand curve which is relatively unresponsive to changes in price. That is, the quantity supplied or demanded does not change easily when the price changes. A curve with an elasticity less than 1 is inelastic. Long Run.
  2. Brabei says:
    Textbook solution for Principles of Macroeconomics (MindTap Course List) 8th Edition N. Gregory Mankiw Chapter 5 Problem 3CQQ. We have step-by-step .
  3. Dokazahn says:
    Inelastic definition, not elastic; lacking flexibility or resilience; unyielding. See more.
  4. Taurg says:
    inelastic Of or relating to the demand for a good or service when quantity purchased varies little in response to price changes in the good or service. For example, the demand for medicines and medical services is generally inelastic because the quantity purchased by consumers is unresponsive to price changes. Producers of products and services facing.
  5. Meztikus says:
    inelastic definition: 1. not elastic; inflexible, rigid, unyielding, unadaptable, etc. 2. Econ. not responding to changes in price: said of the demand for, or supply.
  6. Judal says:
    Inelastic definition is - not elastic: such as. Recent Examples on the Web The cuts, Barclays analyst Tim Long suggests, show that Apple’s offerings are no longer price inelastic. — Aaron Pressman, Fortune, "A Shift in Strategy: Why Apple Is Offering Cheaper Streaming and iPhones," 29 Sep. The third method the researchers used, called inelastic neutron scattering spectroscopy, is much.
  7. Kegrel says:
    31 synonyms and near synonyms of inelastic from the Merriam-Webster Thesaurus, plus 26 antonyms and near antonyms. Find another word for inelastic.
  8. Yomi says:
    Definition of inelastic demand: A situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price. From the supplier's viewpoint, this is a highly desirable situation.

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