inelastic demand

Cultural  

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

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Example Sentences

While higher prices could trigger reduced buying or weaker demand in the near term, he expects limited substitutes and inelastic demand to cushion the impact.

From The Wall Street Journal • May 22, 2026

The vast majority of people who hire lawn services will continue to do so; i.e., inelastic demand.

From Seattle Times • Aug. 31, 2022

Both goods are considered by the consumer to have few substitutes and thus have inelastic demand curves, elasticities less than one.

From Textbooks • Nov. 29, 2017

This is called an inelastic demand meaning a small response to the price change.

From Textbooks • Nov. 29, 2017

Health care is one of the very few things for which the sellers face inelastic demand.

From New York Times • Jan. 4, 2017