elasticity

noun

elas·​tic·​i·​ty i-ˌla-ˈsti-sə-tē 

ˌē-ˌla-,

-ˈti-stē

plural elasticities

1

: the quality or state of being elastic: such as

a

: the capability of a strained body to recover its size and shape after deformation : springiness

b

: resilience sense 2

c

: the quality of being adaptable

2

: the responsiveness of a dependent economic variable to changes in influencing factors

elasticity of demand

price elasticity

Examples of elasticity in a Sentence

Recent Examples on the Web

High elasticity indicates that your hair is strong and healthy. —Brittany Loggins, Health, 26 May 2024

For all the variables that go into the USPS’ pricing equations, the agency completely misses the mark on demand elasticity. —David Williams, Baltimore Sun, 23 Apr. 2024

Word History

First Known Use

1664, in the meaning defined at sense 1

Medical Definition

elasticity

noun

elas·​tic·​i·​ty i-ˌlas-ˈtis-ət-ē, ˌē-ˌlas-, -ˈtis-tē 

plural elasticities

: the quality or state of being elastic