Elastic

Elastic,

Elastic Definition:

  1. Flexibility is an economic term used to describe changes in the behavior of buyers and sellers in response to changes in the prices of goods or services. In other words, when the price goes up or down, the demand for flexibility or elasticity in the demand for a product is caused by a change in its demand. An unstable product is one that consumers buy even after a price change. Good or service flexibility may vary depending on the number of nearby alternatives available, their relative cost and the time elapsed since the exchange.

    • Companies operating in highly competitive industries offer flexible products and services because companies accept prices.
    • When the price of a good or service reaches a flexible location, sellers and buyers quickly adjust their demand for that good or service.
    • Flexibility is an important economic measure, especially for sellers of goods or services, as it reflects the amount of goods or services that buyers use when prices rise or fall.
    • Flexible products or services are not required or can be easily replaced.

Meanings of Elastic

  1. A rope, ribbon, or fabric made of elastic that returns to its original length or shape after being pulled.

  2. (Object or material) which can return to its normal form without contraction, expansion or deformation.

Sentences of Elastic

  1. Polyethylene bag tied with elastic

  2. The separation of these two types of worlds is not a division into two separate parts, but an extension of elastic material in both directions.

Synonyms of Elastic

pliable, supple, elasticized, pliant, stretchy, springy, bouncy, rubbery, flexible, stretchable, recoiling, yielding, resilient, plastic

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Elastic,

Elastic means,

  • Flexibility is a term used in economics to describe changes in the behavior of buyers and sellers in response to a change in the price of a product or service. In other words, the flexibility or instability of self-demand is determined by the amount of self-demand as it increases or decreases. A volatile product is a product that consumers can still use after a change, e.g. The flexibility of a good or service depends on the number of alternatives available, the cost of them and the time elapsed since the change.

    • Firms operating in highly competitive industries offer flexible products and services because firms are recipients.
    • When the price of a good or service reaches a point of flexibility, sellers and buyers quickly adjust their demand for that good or service.
    • Flexibility is an important economic measure, especially for sellers of goods or services, as W reflects the high consumption of goods or services by buyers as e increases or decreases.
    • Flexible products or services are not required or can be easily replaced.

Meanings of Elastic

  1. (Object or material) that can return to its normal shape without being stretched or compressed.

  2. Capable of covering many variations and changes that are flexible and adaptable.

  3. (Supply or Demand) is sensitive to changes in price or revenue.

  4. (Of collision) which does not involve reduction in kinetic energy.

  5. Fabrics made with a rope, ribbon, or elastic that return to their original length or shape after being pulled.

Sentences of Elastic

  1. A tourniquet made of rubber tube or other flexible material is placed around the arm.

  2. The definition of nationality is flexible in this cosmopolitan country.

  3. The job offer is very flexible

  4. The polythene bag is tied with elastic.

Synonyms of Elastic

elasticated, adaptable, compliant, variable, fluid, tensible, accommodating, malleable, conformable, easy, versatile, adjustable

Elastic,

How To Define Elastic?

Will Canton specializes in investment and business legislation and regulation. Prior to that, he was a senior author at Investopedia and Kapitall Wire, and earned an MA and PhD in Economics from the New School for Social Research. Doctor of Philosophy of English Literature from NYU.

  • Companies operating in highly competitive industries offer flexible products and services because companies are attractive.
  • When the price of a product or service reaches a flexible level, sellers and buyers quickly adjust their demand for that product or service.
  • Flexibility is an important economic measure, especially for sellers of goods or services, because w reflects the majority of consumption of goods or services by buyers as e increases or decreases.
  • Flexible products or services are not required or can be easily replaced by replacements.

Sentences of Elastic

  1. In this cosmopolitan country, the definition of nationality is flexible.