inelastic supply


A characteristic of a good or service for which the supply does not increase or decrease in response to changes in price. Inelastic supply may be due to limitations on the speed of the production process, finite supplies of raw materials needed to produce the good or service, or other limiting factors.

Use inelastic supply in a sentence

It was an inelastic supply and I wondered how that worked and how it would effect everyone in our company.

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You need to know if the product your making will be an inelastic supply and be able to adapt to the demand.

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The extremely rare stones that Harold's underground gem and jewelry boutique sold were available in an inelastic supply, and customers would always ask about special rare stones that he no longer had in stock.

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inelastic demand inelasticity