Advertisement - Continue reading below

Definition of "inelasticity" [in•e•las•tic•i•ty]

  • The quality of being inflexible. (noun)
  • The insensitivity of changes in a quantity with respect to changes in another quantity. (noun)

Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License

Use "inelasticity" in a sentence
  • "That's what short term inelasticity actually means."
  • "The blog post you cite makes a strong assumption, namely inelasticity of demand for “not being a mother.”"
  • "The cause of the unemployment is then identified as the inelasticity of the money supply."