elasticity
Definition from Wiktionary, the free dictionary
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English[edit]
Pronunciation[edit]
Noun[edit]
elasticity (countable and uncountable; plural elasticities)
- (physics) The property by virtue of which a material deformed under the load can regain its original dimensions when unloaded
- (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.
- The quality of being elastic.
- Adaptability.
Derived terms[edit]
Translations[edit]
physics: property by which a material can regain its original dimensions
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economics: sensitivity of a variable to changes in another variable
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quality of being elastic
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adaptability — see adaptability