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

For 2026, Hsueh expects “official” and “inelastic” demand from the world’s central banks to propel prices higher.

From MarketWatch

In Hsueh’s mind, this clears the way for reserve managers at central banks to step in, “given their theoretically infinite investment horizon” and a major source of “inelastic demand growth since 2021.”

From MarketWatch

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

From Seattle Times

Mercuriadis’s pitch to investors is that the royalty streams of proven hits are a more stable investment than gold or oil, given the inelastic demand for music — a premise that has largely held up during the pandemic.

From New York Times

The reality is you have an inelastic demand to buy up these units.

From Salon