Definition of Elasticity. Meaning of Elasticity. Synonyms of Elasticity

- Look up elasticity in Wiktionary, the free dictionary. Elasticity often refers to: Elasticity (physics), continuum mechanics of bodies that deform reversibly...
- A good's price elasticity of demand (Ed{\displaystyle E_{d}}, PED) is a measure of how sensitive the quantity demanded is to its price. When the price...
- 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...
- In economics, elasticity measures the responsiveness of one economic variable to a change in another. If the price elasticity of the demand of something...
- Linear elasticity is a mathematical model of how solid objects deform and become internally stressed due to prescribed loading conditions. It is a simplification...
- In economics, the cross (or cross-price) elasticity of demand measures the effect of changes in the price of one good on the quantity demanded of another...
- constant elasticity function, is a function that exhibits a constant elasticity, i.e. has a constant elasticity coefficient. The elasticity is the ratio...
- for any given market elasticity by: (P / MC) = (1 / (1 – (1/E))) where: (P / MC) = markup on marginal costs E = price elasticity of demand In the extreme...
- An elastic modulus (also known as modulus of elasticity) is the unit of measurement of an object's or substance's resistance to being deformed elastically...
- The elasticity tensor is a fourth-rank tensor describing the stress-strain relation in a linear elastic material. Other names are elastic modulus tensor...