In economics, ineslasticity is the opposite of elasticity.
This article may help you:
http://en.wikipedia.org/wiki/Elasticity_(economics)
what is inelasticity?
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You may find this deinition of inelasticity to be helpful.
A characteristic that describes the interdependence of the supply, demand and price of a commodity. A commodity is inelastic when a price change does not create an increase or decrease in consumption; inelasticity exists when supply and demand are relatively unresponsive to changes in price.
www.nfa.futures.org/basicnet/glossary.aspx
A characteristic that describes the interdependence of the supply, demand and price of a commodity. A commodity is inelastic when a price change does not create an increase or decrease in consumption; inelasticity exists when supply and demand are relatively unresponsive to changes in price.
www.nfa.futures.org/basicnet/glossary.aspx
2 answers