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inelastic not elastic; "economists speak of an inelastic price structure"
Ãâó: wordnet.princeton.edu/perl/webwn
inelastic Having an elasticity less than one. For a price elasticity of demand, this means that expenditure falls as price falls. For an income elasticity it means that expenditure share falls with income. Contrasts with elastic and unit elastic.
Ãâó: www-personal.umich.edu/~alandear/glossary/i.html
inelastic Applications do not adjust their demands based on feedback about available network bandwidth, they run "Open Loop". They are best matched to CBR and VBR service categories.
Ãâó: www.e-ratecentral.com/resources/help/glossary/i.as...
inelastic Where a small percentage change in price results in a proportionately smaller change in the quantity demanded.
Ãâó: www.econ100.com/eu5e/open/glossary.html
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