inelasticity
n.
lack of flexibility, lack of elasticity
inelasticity
Noun
1. the lack of elasticity
(antonym) elasticity, snap
(hypernym) physical property
(hyponym) deadness
Inelasticity
(n.)
Want of elasticity.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
Inelasticity
opposite of elasticity.
Inelasticity
A statistic attempting to quantify the change in supply or demand for a good, given a certain price change. The more inelastic demand (characteristic of necessities), the less effect a change in price has on demand for the good. The more inelastic supply, the less supply changes when the price does.
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