inelastic

adjective
in·​elas·​tic | \ ˌi-nə-ˈla-stik How to pronounce inelastic (audio) \

Definition of inelastic

: not elastic: such as
b : slow to react or respond to changing conditions

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Other Words from inelastic

inelasticity \ ˌi-​ni-​ˌla-​ˈsti-​s(ə-​)tē How to pronounce inelastic (audio) , (ˌ)i-​ˌnē-​ˌla-​ \ noun

Examples of inelastic in a Sentence

Recent Examples on the Web And that’s a conservative projection: The effect could be dramatically higher, as batteries rely on rare-earth minerals with a relatively inelastic supply, so higher demand could lead to massive nonlinear price increases. Kevin A. Hassett, National Review, "Evaluating the Impact of Biden’s Energy Policy," 26 Oct. 2020 Kondik said Mississippi remains an inelastic state in most national observer's minds for 2020. Luke Ramseth, USA TODAY, "Mike Espy’s Senate race in Mississippi is getting a fresh look from Democrats, including Barack Obama. Here’s why," 24 Oct. 2020 There’s an implicit assumption in such articles that aligns with the meat industry’s own position: Meat consumption is inelastic, making it at once an inalienable right and an intractable problem. Jan Dutkiewicz, The New Republic, "Instead of Reengineering Cows, Just Eat Less Meat," 23 Oct. 2020 According to their inelastic-markets perspective, the booming day-trading flows of late could have had an impact many times larger than their absolute size. Sam Potter, Bloomberg.com, "Every Day-Trader Dollar Is Worth Five in a New Theory on Stocks," 26 Sep. 2020 The cuts, Barclays analyst Tim Long suggests, show that Apple’s offerings are no longer price inelastic. Aaron Pressman, Fortune, "A Shift in Strategy: Why Apple Is Offering Cheaper Streaming and iPhones," 29 Sep. 2019 The third method the researchers used, called inelastic neutron scattering spectroscopy, is much less common. Stephanie Demarco, latimes.com, "Archaeologists have a new way to unlock the secrets of ancient burned bones," 28 June 2019 Such inelastic demand is the reason why private companies in all sectors want to achieve monopoly power or collude to raise price. Edward Lotterman, Twin Cities, "Real World Economics: Weather, bad crops and lasting effects," 9 June 2019 The company’s lock on a large market with inelastic demand was chum for hedge funds; a half-dozen, notably the New York investment management firm Paulson & Company, bought stakes in the company. Alexander Zaitchik, The New Republic, "How Big Pharma Was Captured by the One Percent," 28 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'inelastic.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of inelastic

1748, in the meaning defined above

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Time Traveler for inelastic

Time Traveler

The first known use of inelastic was in 1748

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Cite this Entry

“Inelastic.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/inelastic. Accessed 20 Jan. 2021.

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More Definitions for inelastic

inelastic

adjective
in·​elas·​tic | \ ˌin-ə-ˈlas-tik How to pronounce inelastic (audio) \

Kids Definition of inelastic

: not elastic

inelastic

adjective
in·​elas·​tic | \ ˌin-i-ˈlas-tik How to pronounce inelastic (audio) \

Medical Definition of inelastic

: not elastic

Other Words from inelastic

inelasticity \ -​i-​ˌlas-​ˈtis-​ət-​ē, -​ˌē-​ˌlas-​, -​ˈtis-​tē How to pronounce inelastic (audio) \ noun, plural inelasticities

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