Search results
- Dictionaryelasticity/ˌiːlaˈstɪsɪti/
noun
- 1. the ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness: "aging can decrease the elasticity of your skin" Similar Opposite
- 2. ability to change and adapt; adaptability.
Powered by Oxford Dictionaries
What Is meant by Elasticity? When an external force is applied to a rigid body, there is a change in its length, volume (or) shape. When external forces are removed, the body tends to regain its original shape and size.
6 days ago · Elasticity, ability of a deformed material body to return to its original shape and size when the forces causing the deformation are removed. A body with this ability is said to behave (or respond) elastically. Most solid materials exhibit elastic behavior.
In physics and materials science, elasticity is the ability of a body to resist a distorting influence and to return to its original size and shape when that influence or force is removed.
Aug 19, 2024 · Elasticity is a term used in economics to describe responsiveness in one variable to changes in another. Typically, elasticity is used to describe how much demand for a...
noun [ U ] uk / ˌi.læsˈtɪs.ə.ti / us / ˌi.læsˈtɪs.ə.t̬i / Add to word list. the ability to stretch: As the skin grows older it loses its elasticity. the ability to change: There is some elasticity in our plans - nothing has been firmly decided yet. SMART Vocabulary: related words and phrases. Flexible, loose and yielding. adrift. bendable. bendy.
Sep 22, 2019 · Elasticity is a physical property of a material whereby the material returns to its original shape after having been stretched out or altered by force. Substances that display a high degree of elasticity are termed "elastic." The SI unit applied to elasticity is the pascal (Pa), which is used to measure the modulus of deformation and elastic limit.
Feb 26, 2017 · Elasticity is a concept which involves examining how responsive demand (or supply) is to a change in another variable such as price or income. Price Elasticity of demand (PED) – measures the responsiveness of demand to a change in price. Price elasticity of supply (PES) – measures the responsiveness of supply to a change in price.
In economics, elasticity measures the responsiveness of one economic variable to a change in another. [1] For example, if the price elasticity of the demand of a good is −2, then a 10% increase in price will cause the quantity demanded to fall by 20%.
elasticity, in economics, a measure of the responsiveness of one economic variable to another. A variable y (e.g., the demand for a particular good) is elastic with respect to another variable x (e.g., the price of the good) if y is very responsive to changes in x; in contrast, y is inelastic with respect to x if y responds very little (or not ...
1. : the quality or state of being elastic: such as. a. : the capability of a strained body to recover its size and shape after deformation : springiness. b. : resilience sense 2. c. : the quality of being adaptable. 2. : the responsiveness of a dependent economic variable to changes in influencing factors. elasticity of demand. price elasticity.
