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单词 inelastic supply
释义

inelastic supply


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

inegalitarian, inelastic, inelastic collision, inelastic demand, inelastic scattering, inelastic supply, inelegance, inelegancy, inelegant, ineligible, ineloquent
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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