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inelasticity

Inelasticity denotes a property or behavior in which a system's response to an applied stimulus is neither proportional nor fully reversible. The term appears in physics, materials science, and economics to describe phenomena where energy dissipation, permanent deformation, or reduced responsiveness occur relative to the input.

In physics, an inelastic collision is one in which kinetic energy is not conserved, though momentum remains

In materials science, inelastic behavior includes plastic deformation, where permanent shape change remains after the load

In economics, price inelasticity describes a limited change in quantity demanded or supplied when price changes.

conserved.
After
impact,
bodies
may
collide
and
stick
together
or
separate
with
reduced
velocity.
The
degree
of
inelasticity
is
commonly
described
by
the
coefficient
of
restitution,
e,
which
ranges
from
0
(perfectly
inelastic)
to
1
(perfectly
elastic).
The
missing
kinetic
energy
is
converted
to
heat,
sound,
or
deformation
energy.
is
removed,
and
viscoelastic
or
damping
responses,
which
depend
on
time
or
loading
rate.
Materials
exhibit
a
yield
point
beyond
which
unloading
does
not
retrace
the
original
path.
Inelasticity
is
important
in
processes
such
as
forging,
stamping,
and
creep
in
polymers
and
metals.
Price
elasticity
of
demand
is
the
percent
change
in
quantity
demanded
divided
by
the
percent
change
in
price.
If
the
absolute
value
is
less
than
one,
demand
is
inelastic.
Determinants
include
whether
a
good
is
a
necessity,
the
availability
of
substitutes,
its
share
of
a
consumer's
budget,
and
the
time
available
to
adjust.