Inelastic
Demand for a good or service that does not increase or decrease in response to changes in price.
Inelastic. Inelastic is a term used to describe the unchanging quantity of a good or service when its price changes. An inelastic collision in contrast to an elastic collision is a collision in which kinetic energy is not conserved due to the action of internal friction. Some products never really change their value and are considered an inelastic demand that you dont have to worry about. In chemistry nuclear physics and particle physics inelastic scattering is a fundamental scattering process in which the kinetic energy of an incident particle is.
Housing seems to have an inelastic supply as people are still buying expensive homes and even when they arent homes are still being built. Definition of inelastic demand.
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