Find more facts and information on our topic page about
elasticity
elastic
The Oxford Pocket Dictionary of Current English
|
2009
|
© The Oxford Pocket Dictionary of Current English 2009, originally published by Oxford University Press 2009. (Hide copyright information)
Copyright
e·las·tic
/ iˈlastik/
•
adj.
(of an object or material) able to resume its normal shape spontaneously after contraction, dilatation, or distortion.
∎
able to encompass variety and change; flexible and adaptable:
the definition of nationality is elastic in this cosmopolitan country.
∎
springy and buoyant:
Annie returned with beaming eyes and elastic step.
∎
Econ.
(of demand or supply) sensitive to changes in price or income:
the labor supply is very elastic.
∎
Physics
(of a collision) involving no decrease of kinetic energy.
•
n.
cord, tape, or fabric, typically woven with strips of rubber, that returns to its original length or shape after being stretched.
DERIVATIVES:
e·las·ti·cal·ly
adv.
e·las·tic·i·ty
/ iˌlaˈstisitē; ēˌla-/ n.
e·las·ti·cize
/ iˈlastəˌsīz/ v.
Cite this article
Pick a style below, and copy the text for your bibliography.
|
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...
|
|
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...
|
|
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...
|
|
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...
|
|
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 ’...
|