ALL meanings of inelasticity
in·e·las·tic
I i - noun inelasticity The quality of being inflexible. 1
- adjective inelasticity not elastic; lacking flexibility or resilience; unyielding. 1
- adjective inelasticity Economics. relatively unresponsive to changes, as demand when it fails to increase in proportion to a decrease in price. Compare elastic (def 6). 1
- noun inelasticity (economics) The insensitivity of changes in a quantity with respect to changes in another quantity. 0