What is relative in-elasticity?

Relative inelasticity refers to a situation where the quantity demanded or supplied of a good or service changes less than proportionately in response to a change in price. In other Words, when the price of the good increases or decreases, the resulting change in quantity demanded or supplied is relatively small. This concept is often associated with necessities or goods with few substitutes, where consumers are less sensitive to price changes. It is typically quantified using the price elasticity of demand or supply coefficient, which is less than one for inelastic goods.