Definition of elasticity in English:

elasticity

Syllabification: e·las·tic·i·ty
Pronunciation: /ēˌlaˈstisədē/

noun

1The ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness: aging can decrease the elasticity of your skin
More example sentences
  • The most striking feature of the basilar membrane is its elasticity.
  • For a full season of mountain fun, you need more than rock-hard legs: The key is elasticity.
  • The lining helps give blood vessels the elasticity they need to regulate blood pressure.
Synonyms
2The ability of something to change and adapt; adaptability.
More example sentences
  • Within the rodents, which generally have short generation times, generation time is positively correlated with adult survival elasticity.
  • They even have enough elasticity power to allow you to disagree with them.
  • It remains a permanent monument to the academic aspect of elasticity.
3 Economics The degree to which a demand or supply is sensitive to changes in price or income: the price elasticity of electricity demand
More example sentences
  • Cars have a relatively high income elasticity of demand.
  • Students might have been surprised to see they were being asked to work out the rate of inflation, the elasticity or the multiplier.
  • The average of our two estimates of exhortation expenditure elasticities of supply is 0.235.

Definition of elasticity in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day salmanazar
Pronunciation: ˌsalməˈnazər
noun
a wine bottle twelve times the standard size...