inelasticity inelasticity

Definition(s):

  • (n) the lack of elasticity

Usage(s):

  1. The inelasticity of rubber is usefulin motor car tires, bumpers, airplane shock absorber cordsbecause it absorbs considerable of the energy which stretches it and .
  2. Galbraith argues that the reluctance of governments to raise taxes or cut spending during booms proves "the fatal inelasticity of the Keynesian system.
  3. The inelasticity of rubber is usefulin motor car tires, bumpers, airplane shock absorber cordsbecause it absorbs considerable of the energy which stretches it and .

News

  • To Be or Not to Be a Monopoly

    In responding to a question from Sen. Tom Carper about price inelasticity of postal rates shown in a study by the office of the Postal Inspector General, PRC Chairman Ruth Goldway responded with a terse summation of the challenge facing Congress in crafting postal reform. We present it in its entirety.
    on September 21, 2013     Source: DMNews

Word of the Day
ambivalent ambivalent
/æm ˈbɪ və lənt /