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inelastic supply noun[ U ] COMMERCEukus a market situation in which a change in the price of goods or services does not produce a similar change in supply: The perfectly inelastic supply for tickets means that any shift in demand, because many people are interested, leads to a shortage.
Examples of inelastic supply inelastic supply Prices and costs had to fall to reconcile growing domestic and international transactions with an inelasticsupply of monetary gold. The managers had serious concerns about the inelasticsupply of domiciliary care. In both papers, assumptions on the production structure are introduced to mimic the inelastic supply of capital that drives the equity premium findings in the exchange economy. It is after all an inelasticsupply in certain circumstances, just as it is with doctors in training. From Europarl Parallel Corpus - English At the least, it is a grossly inelasticsupply system. From the Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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