- inelastic supply
- /ɪnɪˌlæstɪk sə'plaɪ/ nounsupply which experiences a comparatively small percentage change in response to a percentage change in price
Marketing dictionary in english. 2015.
inelastic supply
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inelastic supply — ➔ supply2 * * * inelastic supply UK US noun [U] COMMERCE ► a market situation in which a change in the price of goods or services does not produce a similar change in supply: »The perfectly inelastic supply for tickets means that any shift in… … Financial and business terms
supply — for GST purposes, supply is defined as: The quantity of a good available to meet demand. Supply consists of inventories from previous production, current production, and expected future production. Because resources are scarce, supply creates… … Financial and business terms
inelastic — in‧elas‧tic [ˌɪnɪˈlæstɪk◂] adjective ECONOMICS used to say that a change in something, for example, the price of a product, makes another thing, for example the demand for it, change by only a small amount: • Coffee is a fairly inelastic… … Financial and business terms
inelastic — [in΄ē las′tik, in΄i las′tik] adj. 1. not elastic; inflexible, rigid, unyielding, unadaptable, etc. 2. Econ. not responding to changes in price: said of the demand for, or supply of, particular goods or services inelasticity [in΄ē΄las tis′ə tē] n … English World dictionary
supply and demand — Relationship between the quantity of a commodity that producers have available for sale and the quantity that consumers are willing and able to buy. Demand depends on the price of the commodity, the prices of related commodities, and consumers… … Universalium
Inelastic — An economic term used to describe the situation in which the supply and demand for a good are unaffected when the price of that good or service changes. When a price change has no effect on the supply and demand of a good or service, it is… … Investment dictionary
Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… … Wikipedia
inelastic — adjective 1》 (of a material) not elastic. 2》 Economics (of demand or supply) insensitive to changes in price or income. 3》 Physics (of a collision) involving an overall loss of translational kinetic energy. Derivatives inelastically adverb… … English new terms dictionary
Price elasticity of supply — In economics, the price elasticity of supply is defined as a numerical measure of the responsiveness of the quantity supplied of product (A) to a change in price of product (A) alone. :E s = frac{% mbox{change in quantity supplied{% mbox{change… … Wikipedia
price inelastic — ➔ inelastic * * * price inelastic UK US adjective (also price inelastic [only before noun]) ► ECONOMICS used to describe a product or service for which the price does not change even if supply or demand go up or down: »Gasoline has no substitutes … Financial and business terms
