unelasticity (Meaning)

Webster

unelasticity (n.)

Inelasticity.

No Synonyms and anytonyms found

The demand for essential goods is characterized by unelasticity, meaning consumption remains relatively constant despite price changes.
The supply of necessities is often inelastic, as consumers are willing to pay higher prices to meet basic needs.
The price elasticity of demand for gasoline is inelastic, indicating that changes in price have a minimal impact on consumption.
The long-run elasticity of supply for agricultural products can be inelastic, due to factors like land availability and production time.
The unelasticity of labor supply suggests that workers are reluctant to adjust their hours worked in response to wage changes.
The cross-price elasticity of demand between substitute goods is inelastic, indicating a weak relationship between their prices.
The income elasticity of demand for luxury goods is inelastic, meaning consumer expenditure on these items is not greatly affected by income changes.
The unelasticity of demand for prescription drugs can lead to high prices and financial burdens for patients.
The supply of housing can be inelastic in the short term due to limited construction capacity and zoning restrictions.
The inelasticity of supply for clean water underscores the need for conservation and sustainable water management practices.

Inelasticity.

No synonyms found.

No antonyms found.

The demand for essential goods is characterized by unelasticity, meaning consumption remains relatively constant despite price changes.

The supply of necessities is often inelastic, as consumers are willing to pay higher prices to meet basic needs.

The price elasticity of demand for gasoline is inelastic, indicating that changes in price have a minimal impact on consumption.

The long-run elasticity of supply for agricultural products can be inelastic, due to factors like land availability and production time.