English version

price inelastic

From Longman Business Dictionaryprice inelasticˈprice ineˌlastic price inelastic goods, markets etc are those where the price of something does not change very much when the supply or the demand for it increases or decreasesthe highly price-inelastic world market for food grains inelastic
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.