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1. Dictionary

   elasticity

   /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 stretchinessflexibilitypliancysupplenessrubberinessplasticityresiliencespringinessinformal:giveadaptabilityflexibilityadjustabilityfluidityaccommodationversatilityvariabilitymalleabilityconformabilityOpposite rigiditydogmatism
   • 2. ability to change and adapt; adaptability.
   • 3. the degree to which a demand or supply is sensitive to changes in price or income: "the price elasticity of electricity demand"

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2. byjus.com › jee › elasticityElasticity - SI Unit, Types of Elasticity, Elastic Stress and ...

   byjus.com › jee › elasticity

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   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.

3. www.britannica.com › science › elasticity-physicsElasticity | Definition, Examples, & Facts | Britannica

   www.britannica.com › science › elasticity-physics

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   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.

4. www.investopedia.com › terms › eElasticity: What It Means in Economics, Formula, and Examples

   www.investopedia.com › terms › e

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   Jan 2, 2021 · Elastic is a term used in economics to describe a change in the behavior of buyers and sellers in response to a single variable like a change in price or other variables for a good or...

5. en.wikipedia.org › wiki › Elasticity_(economics)Elasticity (economics) - Wikipedia

   en.wikipedia.org › wiki › Elasticity_(economics)

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   Definition. Elasticity is the measure of the sensitivity of one variable to another. A highly elastic variable will respond more dramatically to changes in the variable it is dependent on. The x-elasticity of y measures the fractional response of y to a fraction change in x, which can be written as

6. www.khanacademy.org › economics-finance-domain › apIntroduction to price elasticity of demand - Khan Academy

   www.khanacademy.org › economics-finance-domain › ap

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   Elasticity is calculated as percent change in quantity divided by percent change in price. Elastic situations have elasticity greater than 1, while inelastic situations have elasticity less than 1. Elasticity varies along a demand curve, and different calculation methods exist.

7. dictionary.cambridge.org › english › elasticityELASTICITY | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › english › elasticity

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   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.

8. www.khanacademy.org › elasticity-tutorialElasticity | Microeconomics | Economics | Khan Academy

   www.khanacademy.org › elasticity-tutorial

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   Economics. Microeconomics. Unit 3: Elasticity. About this unit. Why are resold concert tickets so expensive? Why is holiday candy so cheap in January? Learn how supply and demand changes can influences how much things cost, and why the prices of some items can change so dramatically. Why are resold concert tickets so expensive?