These are word's definitions related to price-inelastic. Click on any word to go to its word's detail page. Or, go to the definition of price-inelastic.
0 used to describe a product or service for which the price does not change even if supply or demand go up or down:
Gasoline has no substitutes and is price inelastic.
Price-inelastic commodities are often taxed fairly heavily.
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May 10, 2021
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