🩹 Does not stretch 📉 Not affected by price

nonelastic

7.2

Not much affected by changes in price or income

adjective
/ˌnɒnɪˈlæstɪk/

Specialized

: no elástico

The demand for basic medicines is often nonelastic because people need them regardless of price changes.

Examples

Even after the tax increase, the product's sales remained steady due to its nonelastic demand.
In many countries, water usage is considered nonelastic since people cannot easily reduce their consumption.
The demand for basic necessities is nonelastic.
In economics, some goods are considered nonelastic.
The demand for basic medicines is often nonelastic because people need them regardless of price changes.
In many countries, water usage is considered nonelastic since people cannot easily reduce their consumption.
Even after the tax increase, the product's sales remained steady due to its nonelastic demand.

How Elastic

elastic

6 3.4

nonelastic

Specialized

7.2

Surface Forms

nonelastic positive

Morphology

nonelastic = elastic (transparent) = non + elastic

Negation of the adjective 'elastic' using the productive prefix 'non-' to indicate low or absent elasticity in an economic sense.

Etymology

Nonelastic is made of non- 'not' and elastic 'able to stretch', so think of something that will not stretch. In economics, a nonelastic demand means people buy about the same amount even when price or income changes.