Try Our Apps


The Best Internet Slang

inelastic supply

inelastic supply in Culture

inelastic supply definition

Supply whose percentage change is less than a percentage change in price. For example, if the price of a commodity drops twenty-five percent and supply decreases by only two percent, supply is said to be inelastic. (See elasticity.)

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Word of the Day

Word Value for inelastic

Scrabble Words With Friends

Nearby words for inelastic supply