elasticity

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English[edit]

Pronunciation[edit]

Noun[edit]

elasticity (countable and uncountable, plural elasticities)

  1. (physics) The property by virtue of which a material deformed under the load can regain its original dimensions when unloaded
  2. (economics) The sensitivity of changes in a quantity with respect to changes in another quantity.
    If the sales of an item drop by 5 % when the price increases by 10 %, its price elasticity is -0.5.
  3. The quality of being elastic.
  4. Adaptability.

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