inelastic (Meaning)
inelastic (a)
not elastic
inelastic (a.)
Not elastic.
Synonyms & Antonyms of inelastic
Synonyms:
- hardened
- impermeable
- close
- sturdy
- compact
- stiff
- ramrod
- indurated
- unyielding
- rigid
- compacted
- tempered
- rocklike
- adamantine
- condensed
- solid
- substantial
Antonyms:
inelastic Sentence Examples
- The demand for electricity in the short run is inelastic due to limited alternative energy sources.
- The inelastic nature of labor supply at low wages can create labor shortages in certain industries.
- The price elasticity of demand for gasoline is relatively inelastic, indicating that consumers do not significantly reduce consumption in response to price increases.
- Inelastic demand for a product implies that small changes in price lead to negligible changes in quantity demanded.
- The supply of crude oil was inelastic in the 1970s, leading to dramatic price increases.
- Government policies that increase the minimum wage can have adverse effects on employment if labor supply is inelastic.
- The inelastic demand for healthcare services highlights the importance of government intervention to ensure accessibility.
- The inelastic supply of housing in the short run can lead to a mismatch between supply and demand.
- Inelastic transportation infrastructure can constrain economic growth by limiting access to markets.
- The inelastic demand for luxury goods makes them more resistant to economic downturns.
FAQs About the word inelastic
not elasticNot elastic.
unbending, thickset, compressed,inflexible, dense, thick, stiffened, heavy, hardened, impermeable
elastic, scattered, spongy, thin, loose, loose, soft, spongy, flexible, soft
The demand for electricity in the short run is inelastic due to limited alternative energy sources.
The inelastic nature of labor supply at low wages can create labor shortages in certain industries.
The price elasticity of demand for gasoline is relatively inelastic, indicating that consumers do not significantly reduce consumption in response to price increases.
Inelastic demand for a product implies that small changes in price lead to negligible changes in quantity demanded.
