| 单词 | inelastic supply |
| 释义 | inelastic supplyDefinition A market situation in which any increase or decrease in the price of a good or service does not result in a corresponding increase or decrease in its supply. Use 'inelastic supply' in a SentenceHousing seems to have an inelastic supply, as people are still buying expensive homes, and even when they aren't, homes are still being built. Due to the inelastic supply of stem bolts, the company was unable to procure the required number by offering a greater price per unit. You need to understand if you are offering an inelastic supply and figure out a way to correctly market it. |
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