elasticity

English

Etymology

elastic + -ity

Pronunciation

  • (UK) IPA(key): /ɪ.læsˈtɪs.ɪ.ti/

Noun

elasticity (countable and uncountable, plural elasticities)

  1. (physics) The property by virtue of which a material deformed under load can regain its original dimensions when unloaded
  2. (economics) The sensitivity of changes in a quantity with respect to changes in another quantity.
    If the sales of an item drop by 5% when the price increases by 10%, its price elasticity is -0.5.
  3. The quality of being elastic.
  4. Adaptability.
    Her elasticity allowed her to recover quickly.

Derived terms

Translations

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