Definitions

1. adjective

not able to stretch or change shape without breaking or tearing; unyielding

“The inelastic material cracked under the heavy load.”

2. noun

a material that does not stretch or deform under load

“The engineer studied the properties of the inelastic metal alloy.”

3. noun

a type of economic theory that assumes prices do not change in response to changes in demand

“The economist argued that the economy was subject to inelastic demand for certain goods.”