Pronunciation: (in"i-las'tik), [key]
1. not elastic; lacking flexibility or resilience; unyielding.
2. Econ.relatively unresponsive to changes, as demand when it fails to increase in proportion to a decrease in price. Cf. elastic (def. 6).
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.