In general, the demand for a good is said to be inelastic (or relatively inelastic) when the PED is less than one (in absolute value): that is, changes in price have a relatively small effect on the quantity of the good demanded.
The definition of a resort is a vacation place, often with food and entertainment. An example of resort would be any of the Great Wolf Lodge water park resorts. Resort is defined as to turn to something or someone for help, often in a desperate way. An example of resort is to turn to stealing to supply one's family with food.
A ski resort is a resort developed for skiing, snowboarding, and other winter sports. In Europe, most ski resorts are towns or villages in or adjacent to a ski area â a mountainous area with pistes and a ski lift system. In North America, it is more common for ski areas to exist well away from towns, so ski resorts usually are destination resorts, often purpose-built and self-contained, where skiing is the main activity.