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elasticity

 - 8 dictionary results

e⋅las⋅tic⋅i⋅ty

  [i-la-stis-i-tee, ee-la-stis-]
Use elasticity in a Sentence
–noun
1. the state or quality of being elastic.
2. flexibility; resilience; adaptability: a statement with a great elasticity of meaning.
3. buoyancy; ability to resist or overcome depression.
4. 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.
Origin:
1655–65; elastic + -ity
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To elasticity
e·las·tic·i·ty   (ĭ-lā-stĭs'ĭ-tē, ē'lā-)   
n.  

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

  2. Physics

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

    2. The degree to which this property is exhibited.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

elasticity

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

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.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Elasticity

A measure of sensitivity of one variable to another. More specifically, the degree to which consumers respond to price changes.

Investopedia Commentary

A value greater than 1 = a good sensitive to price
A value less than 1 = insensitive to price

See also: Economics

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

elasticity

The responsiveness of the quantity purchased of an item to changes in the item's price. If the quantity purchased changes proportionately more than the price, the demand is elastic. If the quantity purchased changes proportionately less than the price, the demand is inelastic. For example, price increases by cigarette manufacturers have a relatively small effect on cigarette consumption, thus, the demand for cigarettes is inelastic.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Medical Dictionary

Main Entry: elas·tic·i·ty
Pronunciation: i-"las-'tis-&t-E, "E-"las-, -'tis-tE
Function: noun
Inflected Form: plural -ties
: the quality or state of being elastic
Merriam-Webster's Medical Dictionary, © 2002 Merriam-Webster, Inc.
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Medical Dictionary

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

  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
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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