inelastic supply

Cultural  

1. 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.)

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Example Sentences

“It’s like the Bay Area on steroids in that we have an incredibly inelastic supply,” said Paul Cheshire,” an emeritus professor of economic geography at the London School of Economics.

From New York Times

“As a standard matter of economics, if you have inelastic supply and experience a surge in demand, you will see a rise in prices,” said Phil Levy, the chief economist at Flexport, a logistics company.

From New York Times

That's because clean energy technologies, such as wind farms or solar panels, "do not rely on traditional fuels of inelastic supply and demand like oil and gas to operate."

From Salon

“Bitcoin global demand is still finding its place relative to constrained/inelastic supply.”

From Reuters

“Bitcoin global demand is still finding its place relative to constrained/inelastic supply.”

From Reuters