Inelastic (noun) Definition, Meaning & Examples

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adjective
  1. not elastic; lacking flexibility or resilience; unyielding.
  2. relatively unresponsive to changes, as demand when it fails to increase in proportion to a decrease in price.
adjective
  1. not elastic; not resilient
  2. (of collisions) involving an overall decrease in translational kinetic energy
Inelastic (noun) Definition, Meaning & Examples

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