"The shares will continue to benefit from the inelastic demand of smokers," Hunter says.
Under standard platform economics, platform providers get their revenue from inelastic demand.
Last week, that involved defining the economic term "inelastic demand" in a football context: it meant that the N.F.L., in its fight to take away its game officials' pensions, didn't care how bad its games got; people would still watch, and the league would still make a lot of money.
"Even if we had no trade deficit, given this inelastic demand, employment in goods would continue to fall," Mr. Lawrence said.
During recessions, pharmaceutical stocks become safe havens due to their products' inelastic demand curve.
Meanwhile, China's inelastic demand and supply structure will make it hard for the nation to react to economic change.
It seems that consumers are finding the money to buy the latest gadgets, and Wall Street is rewarding tech investors for the inelastic demand.
But, considering the inelastic demand especially for the more hirsute among us — a man's gotta shave — there will be plenty of opportunity to win over those looking for alternatives.
Regarding the level of inelastic demand: For the stiffer site (SCH), the over-predictions at the site natural frequencies are seen to slightly increase as the inelastic demand in the soil increases (Table 1).
In soft sites the magnitude of the over-prediction could be rather insensitive to increments in the inelastic demand, conversely, in stiffer sites the over-prediction may increase as the site softens due to the rising inelastic demand.
