inelastic


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inelastic

[‚in·ə′las·tik]
(mechanics)
Not capable of sustaining a deformation without permanent change in size or shape.
References in periodicals archive ?
aggregate demand could result in a balance of trade deficit while an inelastic aggregate demand could yield a balance of trade surplus.
demand is very inelastic in the summer, so gasoline tax changes are passed through to consumers even in the summer.
It is this possibility that policymakers need to be most concerned with, especially in the case where short-run supply is relatively inelastic and long-run supply is fairly elastic.
Now, in this case, deep inelastic scattering dominates and elastic events are very rare.
And, even if it can be assumed the aggregate demand is, in the long term, even inelastic (with far more probability, that it is at least 'a little' elastic), the consumers will buy (practically) as much as before the rise of the price level, or, more likely, almost as much, respective substantially less after the prices soared, while the firms will produce an equal, or, more likely, slightly smaller quantity than the quantity obtained, and sold, before the introduction/rise of the tax, respective substantially less after the prices soared.
It is precisely the ability to trade lower ticket prices for increased subsidy support that resolves the troublesome observation that teams frequently price tickets in the inelastic region of demand, a practice that many sports economists have argued reduces profit for team owners.
If buyers believe a company's offering is unique or there is an urgency to buy, demand is inelastic and little influenced by price changes.
Neophytou had quoted a written statement given by Stavrakis on Thursday, in which the Minister had said that "inelastic" state spending -- such as the state sector wage bill, interest payments and spending on pensions -- amounted to 49 per cent of the total budget, and then contrasted this with a statement made by Stavrakis on 16 July 2008, in which the Minister had said that 80 per cent of state spending was inelastic.
It has been proved that the models of the plasticity and continuum damage theory can accurately simulate inelastic behaviour during cyclic loading, but its practical application is reduced, because of the great number of parameters usually needed.
However, Krugman also noted there were some signs of recovery, and that oil prices are likely to stabilize and improve as demand is still consistent with oil prices remaining inelastic.
Food is one of those industries that are inelastic.
Retailers have at last realised that demand for well labelled, home produced, beef is inelastic and consumers, who are clearly willing to pay much more for it, are still buying beef in almost the same volume as they were when it was seriously underpriced," said NBA director Kim Haywood.