1. The quality or state of being inelastic; lack of elasticity or flexibility.
Usage: Plural form of inelasticity; Used in economics, physics, and materials science
2. In economics, the condition in which demand or supply does not respond proportionally to changes in price.
Usage: Economics and business context

Examples

• The inelasticities of the material made it unsuitable for applications requiring flexibility.
• Economists study the inelasticities of demand for essential goods like food and medicine.
• The inelasticities in the labor market prevent wages from adjusting quickly to economic changes.
• Steel exhibits certain inelasticities that limit its use in some engineering applications.
• The inelasticities of supply in the housing market contribute to persistent price increases.
• Understanding inelasticities helps businesses predict how consumers will respond to price changes.