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Define
Definitions for
"Inelastic"
Keywords:
elastic
,
demand
,
quantity
,
potatoes
,
despite
Related Terms:
Elasticity
,
Elastic demand
,
Price elasticity
,
Inelastic demand
,
Price elasticity of demand
,
Elasticity of demand
,
Price elasticity of supply
,
Elasticity of supply
,
Cross elasticity of demand
,
Income elasticity of demand
,
Law of demand
,
Deflation
,
Dynamic pricing
,
Variable pricing
,
Price level
,
Price
,
Income effect
,
Ppi
,
Margin
,
Change in demand
,
Inflation
,
Producer price index
,
Implicit price deflator
,
Fair price
,
Price index
,
Forward margin
,
Law of supply
,
Wholesale price index
,
Supply and demand
,
Reference price
,
Nominal price
,
Fixed price
,
Mark-up
,
Disinflation
,
Retail prices index
,
Equilibrium price
,
Markup
,
Contango
,
Backwardation
,
Pricing
,
Forward premium
,
Shortage
,
Market
,
Spot price
,
Spread
,
Demand schedule
,
Demand-pull inflation
,
Liquid market
,
Price floor
Not elastic.
ftp.uga.edu
reacting little to changing price; -- of demand; as, Potatoes have an inelastic demand.
ftp.uga.edu
Having an elasticity less than one. For a price elasticity of demand, this means that expenditure falls as price falls. For an income elasticity it means that expenditure share falls with income. Contrasts with elastic and unit elastic.
www-personal.umich.edu
the proportional change in quantity is less than the proportional change in price (E 1).
mintercreek.com
Refers to the economic concept of the inability to quickly adjust supply or demand despite changes in market conditions.
hdfcsec.com
a given % change in price results in a smaller % change in quantity demanded
instruction.blackhawk.tec.wi.us
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