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.)
Words nearby inelastic demand
How to use inelastic demand in a sentence
So we do demand justice and we do speak up and make demands.
“Competition is there, of course, but I think there is enough business for everyone as long as the demand is there,” he says.
In doing so he exposed the failure of other airlines in the region to see the huge pent-up demand for cheap travel.Annoying Airport Delays Might Prevent You From Becoming the Next AirAsia 8501|Clive Irving|January 6, 2015|DAILY BEAST
Judging from current figures, there would be a substantial demand for this option, too.
There is one time, however, when couple dancing is in high demand, and that is around weddings.Iran’s Becoming a Footloose Nation as Dance Lessons Spread|IranWire|January 2, 2015|DAILY BEAST
You see, I am the city undertaker, and the people are dying here so fast, that I can hardly supply the demand for coffins.
Wordsworth has illustrated how an unwise and importunate demand for a reason from a child may drive him into invention.Children's Ways|James Sully
Fajardo seconds the demand of the citizens of Manila that the Audiencia be suppressed, alleging that it does more harm than good.
From the point of view of cover, the gold certificate is completely inelastic.Readings in Money and Banking|Chester Arthur Phillips
England proclaimed a rough indignation at the demand for Gibraltar, which Austria had made in behalf of Spain.The Pastor's Fire-side Vol. 3 of 4|Jane Porter