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elasticity
elasticity
elasticity Capability of a material to recover its size and shape after deformation by
stress and strain. When an external force is applied, a material develops stress, which results in strain (a change in dimensions). If a material passes its elastic limit, it will not return to its original shape. If more stress causes a material to snap, this is its
breaking point. See also
Hooke's law
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Elasticity
Encyclopedia entry from: International Encyclopedia of the Social Sciences
Elasticity In economics, elasticity measures a response of one variable to changes in the other variable. The concept of elasticity can be applied to any two variables, but the most commonly...
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elasticity
Book article from: World Encyclopedia
elasticity Capability of a material to recover its size and shape after deformation by stress and strain. When an external force is applied...
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Substitutability
Encyclopedia entry from: International Encyclopedia of the Social Sciences
...where η ij is the elasticity of demand of good i with...good j , E i is the income elasticity of demand of good i, and...above equation are the Allen elasticities of substitution, so that...as where denotes the Allen elasticity of substitution between goods...
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Kolosov, Gury Vasilievich
Dictionary entry from: Complete Dictionary of Scientific Biography
...began his career; and the theory of elasticity, on which he worked almost exclusively...x2019; s main results in the theory of elasticity are contained in his classic work Ob...Problem of the Mathematical Theory of Elasticity, ” 1909). Kolosov ’...
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Markup Pricing
Encyclopedia entry from: International Encyclopedia of the Social Sciences
...markup is thought to be determined by the elasticity of demand. The post-Keynesian theory...dy / dp ) ǀ > 1 is the elasticity of demand in absolute value. Because...x3B7; D is never positive. The elasticity of demand must be greater than 1 in...
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