| 单词 | inelastic |
| 释义 | inelastic inelastic // adjective
(Economics ) used to describe the situation when a change in one thing, such as the price of a product or service, or a change in people's incomes, results in only a small change in another thing, such as the amount that people want to buy: Demand for their product is inelastic. Some products such as petrol/gas are price inelastic-even when prices go up demand doesn't fall. Business travel is inelastic; if you reduce prices, you reduce total revenue. OPP ELASTIC
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