inelasticity
/ˌɪnɪlæˈstɪsɪti/
noun
- The quality of being unable to stretch or return to original shape after being deformed.
- The inelasticity of the metal caused it to crack under pressure.
- The inelasticity of the rope made it unsuitable for climbing.
- After years of use, the rubber seal lost its flexibility and showed inelasticity.
- The degree to which demand or supply does not change when prices change (used in economics).
- The inelasticity of water demand means people will pay almost any price for it.
- Economists studied the inelasticity of the housing market during the crisis.
- The inelasticity of the product's supply led to huge price spikes.
- Lack of adaptability or flexibility in behavior, rules, or systems.
- His inelasticity in negotiations cost the team a good deal.
- The inelasticity of the old software made it impossible to update.
- The inelasticity of the school's dress code frustrated students.
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