elasticity

elas·tic·i·ty

noun
\i-ˌlas-ˈti-sə-tē, ˌē-ˌlas-, -ˈtis-tē\

plural elas·tic·i·ties

Definition of ELASTICITY

1

: the quality or state of being elastic: as a : the capability of a strained body to recover its size and shape after deformation : springiness b : resilience 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>

First Known Use of ELASTICITY

1664

Rhymes with ELASTICITY

authenticity, catholicity, domesticity, eccentricity, electricity, historicity, multiplicity, specificity, synchronicity