adjective
- not able to stretch and return to original shape; lacking flexibility
- not readily adaptable or responsive to change
- showing little change in quantity demanded when price changes
Usage: economics
Examples
- The old rubber band had become inelastic and snapped when stretched.
- His inelastic thinking prevented him from considering new solutions.
- The company’s inelastic policies made it difficult to adapt to market changes.
- Gasoline has relatively inelastic demand because people need it regardless of price.
- The inelastic material could not be stretched without breaking.
- Her inelastic schedule left no room for unexpected meetings.
- Basic necessities like food tend to have inelastic demand curves.