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inelastic supply

  1. Supply whose percentage change is less than a percentage change in price. For example, if the price of a commodity drops twenty-five percent and supply decreases by only two percent, supply is said to be inelastic. ( See elasticity .)


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Example Sentences

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“It’s like the Bay Area on steroids in that we have an incredibly inelastic supply,” said Paul Cheshire,” an emeritus professor of economic geography at the London School of Economics.

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“As a standard matter of economics, if you have inelastic supply and experience a surge in demand, you will see a rise in prices,” said Phil Levy, the chief economist at Flexport, a logistics company.

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That's because clean energy technologies, such as wind farms or solar panels, "do not rely on traditional fuels of inelastic supply and demand like oil and gas to operate."

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“Bitcoin global demand is still finding its place relative to constrained/inelastic supply.”

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“Bitcoin global demand is still finding its place relative to constrained/inelastic supply.”

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