Elasticity

Word ELASTICITY
Character 10
Hyphenation e las tic i ty
Pronunciations /ɪ.læsˈtɪs.ɪ.ti/

Definitions and meanings of "Elasticity"

What do we mean by elasticity?

The condition or property of being elastic; flexibility. noun

The property of returning to an initial form or state following deformation. noun

The degree to which this property is exhibited. noun

A measure of how changes in price affect supply or demand for a given good, equal to the percentage of change in supply or demand divided by the percentage of the price change. noun

The property of being elastic, in any sense; especially, that physical force resident in the smallest sensible parts of bodies, by virtue of which the holding of them in a state of strain (change of size or shape) involves work, which for small strains is proportional to the square of the amount of the strain. There are different kinds of elasticity, corresponding to the different kinds of strain. noun

The quality of being elastic; the inherent property in bodies by which they recover their former figure or dimensions, after the removal of external pressure or altering force; springiness; resilience; tendency to rebound noun

Power of resistance to, or recovery from, depression or overwork; -- usually referred to as resilience3. noun

The quotient of a stress (of a given kind), by the strain (of a given kind) which it produces; -- called also coefficient of resistance. noun

The pedal surface of an ellipsoid (see Pedal); a surface used in explaining the phenomena of double refraction and their relation to the elastic force of the luminous ether in crystalline media. noun

The property by virtue of which a material deformed under the load can regain its original dimensions when unloaded noun

The sensitivity of changes in a quantity with respect to changes in another quantity. noun

The quality of being elastic. noun

Adaptability. noun

The tendency of a body to return to its original shape after it has been stretched or compressed noun

The property by virtue of which a material deformed under load can regain its original dimensions when unloaded

The sensitivity of changes in a quantity with respect to changes in another quantity.

A measure of the flexibility of a data store's data model and clustering capabilities.

A system's ability to adapt to changes in workload by automatically provisioning and de-provisioning resources.

The ratio of the relative change in a function's output with respect to the relative change in its input, for infinitesimal changes at a certain point.

The quality of being elastic.

Adaptability.

Synonyms and Antonyms for Elasticity

The word "elasticity" in example sentences

Further, he points out that respondents were using demand signals, though the term elasticity might not have been used. ❋ Amitai Etzioni (1988)

Pretinieks writes: it might rather depend on relative, not absolute popularity. if your book generates more media buzz than your previous one, a lot of prospective buyers are "first-time users" and haven't heard of you before. where there's no "brand loyalty", price elasticity is higher. to test this, you'll need to write another book of roughly the same popularity. ❋ Unknown (2009)

The more common substitute and better measure of elasticity is the amount of gasoline actually used. ❋ Unknown (2009)

The age-adjusted intergenerational wealth elasticity is 0.37. ❋ Unknown (2009)

And if the charges are not billed on a continual basis, there are no price signals, and the price elasticity is much weaker, so the idea that you charge this with auto registration is absurd. ❋ Unknown (2009)

The elasticity is surely affected by the velocity (pardon the pun) of gas price increases. ❋ Unknown (2009)

This suggests price elasticity is inversely related to sales volume, for me. ❋ Unknown (2009)

And with commodities, the short-term elasticity of demand is low, so typically, only a massive price shift can induce even a small change in demand. ❋ Unknown (2009)

That said, it seems to me that there has been a sustained run-up in average fuel costs in the last 7-8 years, and I would be interested in knowing whether that had any impact on utilization or whether the long-term empirical elasticity is as poor as the (presumably) short-term 10%-1% ratio. ❋ Unknown (2007)

Even if the price elasticity is that low, because the price of gasoline fluctuates over such a large range that high prices do effectively limit demand. ❋ Unknown (2007)

Theoretically, accidentally preserved corpses are typically discolored, wrinkled, distorted, skeletal looking and lacking in elasticity, whereas a truly incorruptible body doesn't have any of those characteristics: instead, they are moist and flexible, and often retain certain organs intact, such as the liver or heart. ❋ Heather McDougal (2007)

With caps in place, the low short-term elasticity of energy demand combined with the tight coupling of energy to gross domestic product would result in extreme volatility in the price of "rights" with very minor economic change. ❋ Unknown (2009)

In addition, the long-term elasticity of demand would be significantly greater, as higher prices for carbon-based fuels promoted development of alternative technologies. ❋ Unknown (2008)

Although estimates vary, the short term elasticity of demand for gasoline is probably around -.2, meaning a 10 percent increase in the price would lead to a 2 percent decrease in consumption. ❋ Unknown (2008)

The lithe little birches sweep to earth in an ecstasy of surrender; the fir-trees lash themselves; the saplings have learnt obedience – their slender elasticity is at the wind's will; only the stiff old oaks and elms refuse to yield, and ominous crashes tell of their struggle. ❋ Unknown (1917)

On this view, kids that are poorly equipped from a social capital point of view often (but not always) do badly in terms of life-time income and kids whose connections, 'fall back' options, family geographical spread or adherence etc are very good don't as a matter of course earn big incomes (and overall the 'intergenerational wealth elasticity' is less than .4) because -- theorem -- even desirable stocks of social capital dissipate when families disperse across generations. ❋ Unknown (2009)

When elasticity is high, the incidence falls mostly on the producer, and when it’s low it falls mostly on the consumer. ❋ Unknown (2010)

Cross Reference for Elasticity

What does elasticity mean?

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