Inelastic

 

 

 

Inelastic

 

Glossary of business

 

Definition of inelastic

 

Inelastic means that one variable is unresponsive to changes in another. For example, if a good is price inelastic it means demand will change proportionately by less than the change in price that caused it.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of inelastic

 

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Meaning of inelastic

 

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What does inelastic mean ?

 

 

 

 

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