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elasticity

One entry found.

Main Entry: elas·tic·i·ty
Pronunciation: \i-ˌlas-ˈti-sə-tē, ˌē-ˌlas-, -ˈtis-tē\
Function: noun
Inflected Form(s): plural elas·tic·i·ties
Date: 1664

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>


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