[ih-la-stis-i-tee, ee-la-stis-]
the state or quality of being elastic.
flexibility; resilience; adaptability: a statement with a great elasticity of meaning.
buoyancy; ability to resist or overcome depression.
Physics. the property of a substance that enables it to change its length, volume, or shape in direct response to a force effecting such a change and to recover its original form upon the removal of the force.

1655–65; elastic + -ity

nonelasticity, noun
unelasticity, noun
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World English Dictionary
elasticity (ɪlæˈstɪsɪtɪ, ˌiːlæ-)
1.  See also elastic limit the property of a body or substance that enables it to resume its original shape or size when a distorting force is removed
2.  the state or quality of being elastic; flexibility or buoyancy
3.  a measure of the sensitivity of demand for goods or services to changes in price or other marketing variables, such as advertising

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Word Origin & History

1660s, from elastic + -ity.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Medical Dictionary

elasticity e·las·tic·i·ty (ĭ-lā-stĭs'ĭ-tē, ē'lā-)

  1. The condition or property of being elastic; flexibility.

  2. The property of returning to an initial form or state following deformation.

The American Heritage® Stedman's Medical Dictionary
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American Heritage
Science Dictionary
elasticity   (ĭ-lā-stĭs'ĭ-tē)  Pronunciation Key 
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.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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American Heritage
Cultural Dictionary

elasticity definition

A shift in either demand or supply of a good or service depending on its price. Demand is said to be elastic when it responds quickly to changes in prices, and inelastic when it responds sluggishly.

elasticity definition

The property of a material that allows it to return to its original shape after having been deformed and to exert a force while deformed. (See stress.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
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Example sentences
And on the other hand, price elasticity in the future cannot be divined by such
The strength and elasticity of spider silk makes it the toughest natural fiber.
It would not possess the much-desired quality of elasticity.
Flexibility, elasticity and strength of the materials are part of the
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