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/ɪ.læsˈtɪs.ɪ.ti/ · noun
(physics) The property by virtue of which a material deformed under load can regain its original dimensions when unloaded.
If the sales of an item drop by 5% when the price increases by 10%, its price elasticity is −0.5.
Given elasticity of demand, there is a strong argument that filling the millions of empty seats through lower fares could actually increase revenue.
Her elasticity allowed her to recover quickly.
"I'll have a try at it, Gladys, if you will only give me an idea what would please you." She laughed at the elasticity of my character.
Use elasticity when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Elasticity means (physics) The property by virtue of which a material deformed under load can regain its original dimensions when unloaded.
Common synonyms include point elasticity.
Possible antonyms include inelasticity.
If the sales of an item drop by 5% when the price increases by 10%, its price elasticity is −0.5.
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