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Meaning of inelastic

in•e•las•tic

Pronunciation: (in"i-las'tik), [key]
— adj.
  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. Cf. elastic (def. 6).
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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