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- DictionaryE·las·tic·i·ty/əˌlaˈstisədē/
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"
- 2. ability to change and adapt; adaptability.
elasticity. noun. /ˌiːlæˈstɪsəti/, /ɪˌlæˈstɪsəti/ [uncountable] the quality that something has of being able to stretch and return to its original size and shape (= of being elastic) As you get older, the skin loses its natural elasticity. Want to learn more?
What is Elasticity? Definition and explanation. Elasticity measures the sensitivity of change of one variable in response to another, causal variable. We call variables that respond drastically to change as ‘elastic’, and ones that don’t respond a lot as ‘inelastic’. How do we calculate elasticity?
May 4, 2024 · 1. the quality or condition of being elastic. ; specif., a. springiness; flexibility; resilience. b. buoyancy of spirit. c. adaptability. 2. Economics. the degree to which the demand for, or supply of, particular goods or services responds to a change in price. Webster’s New World College Dictionary, 4th Edition.
Nov 21, 2023 · The definition of elasticity in economics is the measure of response that a change in the price of a product has on its supply and its demand. In simple...
Feb 7, 2024 · Updated February 07, 2024. Reviewed by Margaret James. Fact checked by. Suzanne Kvilhaug. What Is Price Elasticity of Demand? Price elasticity of demand is a measurement of the change in...
Such a property of a body by virtue of which a body tends to regain its original shape (or) size when external forces are removed is called elasticity. SI Unit of Elasticity. The SI unit for elasticity is the pascal (Pa). It is defined as force per unit area. Typically, it is a measure of pressure, which in classical mechanics points to stress.
3 days ago · The Environmental Protection Agency (EPA or the Agency) is finalizing a Clean Water Act regulation to revise the technology-based effluent limitations guidelines and standards (ELGs) for the steam electric power generating point source category applicable to flue gas desulfurization (FGD)...
