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inelasticity

   Also found in: Medical, Financial, Encyclopedia 0.01 sec.
in·e·las·tic  (n-lstk)
adj.
Lacking elasticity; unyielding or unadaptable. See Synonyms at stiff.

ine·las·tici·ty (--l-sts-t) n.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.inelasticity - the lack of elasticity
physical property - any property used to characterize matter and energy and their interactions
deadness - the physical property of something that has lost its elasticity; "he objected to the deadness of the tennis balls"
stiffness - the physical property of being inflexible and hard to bend
rigidity, rigidness - the physical property of being stiff and resisting bending
elasticity, snap - the tendency of a body to return to its original shape after it has been stretched or compressed; "the waistband had lost its snap"
Translations
inelasticity
n (lit)Mangel man Elastizität; (fig)Mangel man Flexibilität, Starrheit f


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All of this clearly demonstrates the price inelasticity of industrial demand.
Given the inelasticity of most commodity supply, as it takes years to discover and then begin to mine a commodity, a demand crunch is probably in the making at some stage, as exploration and new mine investment has suffered severely in the downturn.
One exception is Sexton and Zhang (1996), who find support for high retail bargaining power for agricultural products due to the severe inelasticity of supply.
 
 
 
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