elastic
adjective
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Definition of elastic
(Entry 1 of 2)
elastic
nounDefinition of elastic (Entry 2 of 2)
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Other Words from elastic
Adjective
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adverb
Synonyms & Antonyms for elastic
Synonyms: Adjective
bouncy, flexible, resilient, rubberlike, rubbery, springy, stretch, stretchable, stretchy, supple, whippy
Antonyms: Adjective
inelastic, inflexible, nonelastic, rigid, stiff
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Examples of elastic in a Sentence
Adjective
when vacationing, we generally have very elastic daily sightseeing plansNoun
She wrapped an elastic around the cards.Recent Examples on the Web: Adjective
The washable upper has an elastic drawcord to customize fit, and the outsole has terrific traction for land or water. — Karen Campbell, BostonGlobe.com, "Hybrid footwear for all terrains," 4 July 2019 For supremely hot days, stay cool by tying up your tresses with a plaid scrunchie instead of a boring old hair elastic. — Madeline Fass, Vogue, "15 Practical Hair Accessories to Wear at the Beach and Beyond," 3 July 2019 Pufferfish, for instance, ingest large amounts of seawater to expand their highly elastic stomachs. — Joshua Rapp Learn, National Geographic, "This odd deep-sea fish can hold its breath for four minutes," 27 June 2019 There was elastic therapeutic tape visible behind Woods’s neck during his round—not a first for him but another reminder that his surgically fused back still affects him. — Brian Costa, WSJ, "Gary Woodland Maintains U.S. Open Lead Over Justin Rose, Brooks Koepka," 15 June 2019 The ʻAlapa Li come with an elastic lace weave that keeps them snug across the top of your foot, and eliminates the worry of laces getting caught in your chain. — Cameron Martindell, WIRED, "Buying Guide: The Best Summer Cycling Gear," 13 June 2019 Recovery straps work like big elastic bands and are designed to stretch. — Chris O'neill, Outside Online, "The 4 Ways to Get Your Vehicle Unstuck," 18 June 2019 The Achilles tendon is a thick, elastic band of tissue that stretches from the heel to the calf, connecting muscle to bone. — Louisa Thomas, The New Yorker, "Kevin Durant and Achilles, Two Heroes Who Had Decisions to Make," 11 June 2019 The elastic bands inside the poles mean that the chair nearly assembles itself. — James Lynch, Popular Mechanics, "The 10 Best Super-Portable Camp Chairs," 11 June 2019Recent Examples on the Web: Noun
The fitted, full-coverage, high-waisted style emerged as fabric technology advanced and elastics grew more stable. — Shira Feder, Vox, "The rise of granny panties," 5 June 2019 However, instead of just one big ponytail sectioned off into puffs with rubber bands, he's divided his hair into several smaller ones, complete with green, red, and yellow elastics. — Sharine Taylor, Allure, "For These Dancehall Artists, Hair Is Just as Important as the Music," 27 Sep. 2018 Plus, the soft material is far easier on your hair than tight elastics. — refinery29.com, "The Unexpected '90s Trend That Celebs Are Loving," 20 June 2018 Try to avoid tight hair ties, like elastics, that week, which could put extra stress on the hair. — Loren Savini, Allure, "The Best Products and Techniques for Strengthening Breakage-Prone Hair," 23 May 2018 Jazz up a ponytail or a half-up, half-down style with one of these soft elastics (the Cut staff is already obsessed). — Ashley Weatherford, The Cut, "The Best Spring Hair Accessory Trends," 17 Apr. 2018 Add colored elastics into her hair to add a fun touch to this versatile updo. — Sasha Henriques, Woman's Day, "The 10 Best Back-to-School Hairstyles for Kids," 25 July 2017 These are high-brow and highly enjoyable alternatives to generic elastics that wind around hair and are a pain to take out. — Shannon Barbour, The Cut, "Silk Scrunchies Are Here," 13 Mar. 2018 Flip the tail ends up, tuck them in between your head and the clear elastics, and pull them out through the bottom to create the topsy tails. — Brooke Shunatona, Cosmopolitan, "15 Super-Easy Hairstyles for Lazy Girls Who Can't Even," 12 Dec. 2017These example sentences are selected automatically from various online news sources to reflect current usage of the word 'elastic.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for elastic
elastic
adjectiveFinancial Definition of elastic
What It Is
Something is elastic when its price varies with the price of another item. It the business world, the term most often refers to how much the price of a good or service changes when the supply of that good or service changes.
The formula for elasticity is:
Elasticity = % Change in Quantity/% Change in Price
How It Works
Let's assume that when gas prices increase by 50%, gas purchases fall by 25%. Using the formula above, we can calculate that the price elasticity of gasoline is:
Elasticity = -25%/50% = -0.50
Thus, we can say that for every percentage point that gas prices increase, gas purchases decrease by half a percentage point. The price of gas is elastic.
Why It Matters
If demand changes a lot when prices change a little, the demand for a product is elastic. This often is the case for products or services for which there are many alternatives or for which consumers are price sensitive.
The opposite is also true: When there is a small change in demand when prices change a lot, the product is inelastic. This is often the case for products and services that people consider necessities and will purchase at almost any price. The presence of few good substitutes and the presence of customer loyalty are also factors. At some point, however, there is a price at which demand for any good or service will fall to zero or near zero.
Source: Investing Answers
elastic
adjective
English Language Learners Definition of elastic
(Entry 1 of 2)
elastic
nounEnglish Language Learners Definition of elastic (Entry 2 of 2)
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elastic
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Kids Definition of elastic
(Entry 1 of 2)
elastic
nounKids Definition of elastic (Entry 2 of 2)
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elastic
adjective
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Medical Definition of elastic
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Other Words from elastic
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adverb
elastic
nounMedical Definition of elastic (Entry 2 of 2)
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