The economics behind inelastic ticket pricing (VIDEO) Published: July 10, 2012 4:16pm EDT. Liam Lenten, La Trobe University. Author. Liam Lenten ...

In economics, this most frequently refers to demand elasticity, or how demand fluctuates based on changes in other factors, such as price, income, and more. The opposite of elasticity is inelasticity.

An inelastic economic factor changes very little when another element is significantly altered. For example, if the price of gasoline were to go up significantly, demand wouldn't suddenly tank.