inelastic demand
noun[U]
ECONOMICSukusthesituationin which achangein a product'spricecausesvery littlechangein theamountof theproductthat issold:
"Gasoline is acommoditywithinelasticdemand," he said.
Compare
elastic demand
Examplesofinelastic demand
inelastic demand
A successful monopoly would have a relativelyinelasticdemandcurve.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Due to theinelasticdemandfor these journals, the commercial publishers lost little of the market when they raised the prices significantly.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Those individuals or corporations who have the mostinelasticdemandcurve pay the brunt of the excess burden curve.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Second, we use this modified protocol to efficiently solve a complex decentralized task allocation problem with limitedcapacity suppliers that have start-up production costs and consumers withinelasticdemand.
From theCambridge English Corpus
That increase in transport demand alone brings with it an inevitable andinelasticdemandfor oil imports.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
We are face to face with what the economists, in their pedantic language, call "aninelasticdemand" in the case of sugar.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
There is a clear case for including these standard parts, because they are supremely theinelasticdemandcommodities, in the exemptions.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The products which have been chosen for the subsidy have a veryinelasticdemand.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Subsidies are aimed particularly at a range of nutritional foods for which there is aninelasticdemand.
From the
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Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
It is expected that theinelasticdemandfor potatoes will mean that reduced supplies of ware potatoes are likely to be compensated by higher prices later in the year.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
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