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inelastic demand

Cultural

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.)

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

Every straight-line demand curve has a range of elasticities starting at the top left, high prices, with large elasticity numbers, elastic demand, and decreasing as one goes down the demand curve, inelastic demand.

From Textbooks • Nov. 29, 2017

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

From Textbooks • Nov. 29, 2017

The prices of all other goods and services facing inelastic demand in the USA are regulated by government.

From New York Times • Jan. 4, 2017

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023