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.)
Words nearby inelastic supply
How to use inelastic supply in a sentence
Fluoride first entered an American water supply through a rather inelegant technocratic scheme.
But the qualities Mario Cuomo brought to public life—compassion, integrity, commitment to principle—remain in short supply today.
If you answered seven or more of these correctly, you are eligible for a lifetime supply of Metamucil.
In Mosul, foreign fighters have left, the city is flooded with refugees and supply routes are cut off.Has the Kurdish Victory at Sinjar Turned the Tide of ISIS War?|Niqash|December 27, 2014|DAILY BEAST
It would seek to cut off the main Allied lines of supply and communication.
First, how about the expansibility needed to supply adequate funds for crop-moving?
What course was taken to supply that assembly when any noble family became extinct?Gulliver's Travels|Jonathan Swift
You see, I am the city undertaker, and the people are dying here so fast, that I can hardly supply the demand for coffins.
Almost one-quarter of the total supply printed has been placed in circulation.
From the point of view of cover, the gold certificate is completely inelastic.