Inelastic

C1 16+

Synonyms of inelastic

Antonyms of inelastic

Collocations of inelastic

inelastic demand
Frequency: 80 %

The inelastic demand for cigarettes means that price increases do not significantly reduce sales.

inelastic supply
Frequency: 70 %

The inelastic supply of rare minerals has led to price fluctuations in the market.

inelastic pricing
Frequency: 60 %

The inelastic pricing strategy of the luxury brand has maintained high profit margins.

inelastic market
Frequency: 50 %

The inelastic market for prescription drugs allows pharmaceutical companies to set high prices.

Idiomatic Expressions for inelastic

  • Phrase: inelastic supply
    Meaning: refers to a situation where the quantity supplied for a product does not change significantly in response to changes in its price
    Usage: When supply is inelastic, producers are unable to increase production quickly in response to a price increase, leading to potential shortages.