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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 is a ratio of one percentage change to another percentage change—nothing more. It is read as an absolute value. In this case, a 1% rise in price causes an increase in quantity supplied of 3.5%. The greater than one elasticity of supply means that the percentage change in quantity supplied will be greater than a one percent price ...
elasticity. / ĭ-lă-stĭs ′ ĭ-tē / The ability of a solid to return to its original shape or form after being subject to strain. Most solid materials display elasticity, up to a load point called the elastic limit ; loads higher than this limit cause permanent deformation of the material. See also Hooke's law. elasticity. 1.
basics. Elasticity is the property of solid materials to return to their original shape and size after the forces deforming them have been removed. Recall Hooke's law — first stated formally by Robert Hooke in The True Theory of Elasticity or Springiness (1676)… ut tensio, sic vis. which can be translated literally into… As extension, so force.
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
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.
noun [ U ] uk / ˌi.læsˈtɪs.ə.ti / us / ˌi.læsˈtɪs.ə.t̬i / Add to word list 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.
noun [ U ] us / ˌi.læsˈtɪs.ə.t̬i / uk / ˌi.læsˈtɪs.ə.ti / 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.
