isoelastic Definition
having a constant elasticity.
Using isoelastic: Examples
Take a moment to familiarize yourself with how "isoelastic" can be used in various situations through the following examples!
Example
The isoelastic demand curve is a straight line.
Example
Isoelastic materials are used in various industries.
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Summary: isoelastic in Brief
The term 'isoelastic' [ahy-soh-i-las-tik] describes something that has a constant elasticity. It is often used in economics to describe demand curves, as in 'The isoelastic demand curve is a straight line,' and in various industries to describe materials, as in 'Isoelastic materials are used in various industries.'
