Definition of inelasticity in English English dictionary
In-the-money Index Inflation Initial margin Interest Interest rate futures Inter-market Intra-market Intrinsic value Introducing Broker (IB) Inverted market
A characteristic that describes the interdependence of the supply, demand and price of a commodity A commodity is inelastic when a price change does not create an increase or decrease in consumption; inelasticity exists when supply and demand are relatively unresponsive to changes in price
A characteristic that describes the interdependence of the supply, demand, and price of a commodity A commodity is inelastic when a price change does not create an increase or decrease in consumption; inelasticity exists when supply and demand are relatively unresponsive to changes in price