unelastic Antonyms
No Synonyms and anytonyms found
Meaning of unelastic
Webster
unelastic (a.)
Not elastic; inelastic.
unelastic Sentence Examples
- The demand for gasoline is relatively unelastic, meaning a change in price has little impact on consumption.
- The supply of housing is highly unelastic in the short run, leading to slow adjustments to changes in demand.
- The wage adjustment process is often unelastic, making it difficult for wages to move quickly in response to economic conditions.
- The unelastic nature of the labor supply can make it challenging for businesses to hire and fire workers easily.
- Government spending is considered unelastic, meaning it does not respond much to changes in the economy.
- The unelastic demand for medical care creates a challenge for policymakers trying to control healthcare costs.
- The supply of agricultural products is relatively unelastic, making farmers vulnerable to price fluctuations.
- The unelastic demand for cigarettes indicates that smokers are less sensitive to price changes.
- The unelastic supply of land limits the availability of housing in urban areas.
- The unelastic nature of oil supply can lead to volatile prices in the global market.
FAQs About the word unelastic
Not elastic; inelastic.
No synonyms found.
No antonyms found.
The demand for gasoline is relatively unelastic, meaning a change in price has little impact on consumption.
The supply of housing is highly unelastic in the short run, leading to slow adjustments to changes in demand.
The wage adjustment process is often unelastic, making it difficult for wages to move quickly in response to economic conditions.
The unelastic nature of the labor supply can make it challenging for businesses to hire and fire workers easily.
