Elasticity - English meaning
Elasticity – definitions in English dictionary
nounThe ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness.
Usage examples:
Aging can decrease the elasticity of your skinnounAbility to change and adapt; adaptability.
Usage examples:
Within the rodents, which generally have short generation times, generation time is positively corr…nounThe degree to which a demand or supply is sensitive to changes in price or income.
Usage examples:
The price elasticity of electricity demand
nounThe ability of something, such as the number of products sold, to change in relation to something else, such as the product's price
Usage examples:
This chart shows the relationship between the elasticity and the optimal monopoly price for windows.
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