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 place where an activity takes place or a group meets : a place that is a center for an activity or group. 1  The resort is party central for college students on spring break. [=college students on spring break have many parties at the resort] 2  Our family room becomes kid central on weekends.