| 词汇 | price-inelastic |
| 释义 | price inelastic adjective ukus(alsoprice-inelastic[ only before noun ]) ECONOMICS 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. price inelasticitynoun[ U ] Price inelasticity occurs when people cannot easily change their consumption patterns. Examples of price inelasticprice inelastic Moreover, in the short run, demand for the more expensive imports (and demand for exports, which are cheaper to foreign buyers using foreign currencies) remain priceinelastic. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. If the product (apples) is priceinelastic to the consumer the farmer is able to pass the entire tax on to consumers of apples by raising the price by $1. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. This demand function is the sum of an isoelastic term, pit (qt -q ) and a priceinelastic term, qi . Fresh potatoes still form three quarters of the market and are, in economic jargon, a priceinelastic commodity. 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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