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  1. Dictionary
    inelastic
    /ˌɪnɪˈlastɪk/

    adjective

    • 1. (of a substance or material) not elastic: "a tough, inelastic membrane"
    • 2. (of demand or supply) insensitive to changes in price or income.

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  2. www.investopedia.com › terms › eWhat Is Inelastic? Definition, Calculation, and Examples of Goods

    Jun 15, 2024 · Inelastic demand means that the quantity of a good or service remains unchanged or changes little when its price changes. Learn how to calculate inelastic demand, see examples of inelastic goods, and contrast them with elastic goods.

  3. www.investopedia.com › ask › answersElasticity vs. Inelasticity of Demand: What's the Difference?

    Jul 2, 2024 · Inelastic demand is when the demand for a good or service remains unchanged even when the price changes. Learn how to calculate inelastic demand, what factors influence it, and how it differs from elastic demand.

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  5. dictionary.cambridge.org › dictionary › englishINELASTIC | English meaning - Cambridge Dictionary

    Inelastic means not changing much, or not allowing much change, especially in economics or physics. Learn how to use this word in different contexts with examples from the Cambridge Dictionary.

  6. www.economicsonline.co.uk › definitions › what-is-inelasticWhat Is Inelastic Demand? - Economics Online

    Dec 18, 2021 · Inelastic demand is when the quantity demanded of a product or service does not change much as the price changes. Learn how to calculate inelastic demand, see examples of real-world products with inelastic demand, and understand the inelastic demand curve.

  7. www.thebalancemoney.com › inelastic-demand-definitionWhat Is Inelastic Demand? - The Balance

    Aug 5, 2022 · Inelastic demand in economics occurs when the demand for a product doesn't change as much as the price. A steep demand curve graphically represents inelastic demand. The steeper the curve, the more inelastic the demand for that product or service is.

  8. www.masterclass.com › articles › elastic-vs-inelasticElastic vs. Inelastic Demand: Guide to Elasticity and...

    Oct 12, 2022 · In microeconomics, whether demand is elastic or inelastic depends on factors like changes in price, substitute availability, and income level. Learn about elasticity of demand, inelasticity of demand, and the differences between the two terms.

  9. www.wallstreetmojo.com › inelastic-demandInelastic Demand - Meaning, Explained, Curve/Graph, Example

    Aug 21, 2024 · Inelastic demand is when the change in the price of a product or service does not cause a proportional or significant change in its demand in the economy. It refers to a type of elasticity of demand. Simply put, it points to the demand that cannot be influenced by changing prices.