Definition of Elasticity:
Statistics: Degree to which a dependant variable (such as expenditure) changes in response to a change in an associated independent variable (such as income).
The ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness.
The degree to which a demand or supply is sensitive to changes in price or income.
Ability to change and adapt; adaptability.
Economics: Measure of the responsiveness of demand and supply of a good or service to an increase or decrease in its price.
Engineering: Ability of a material to recover its original dimensions, and to return to its original shape, after being subjected to a stress. See also Hookes law.
Synonyms of Elasticity
Adaptability, Adjustability, Agreeability, Amenability, Beef, Beefiness, Bendability, Brawn, Brawniness, Ductibility, Ductility, Extendibility, Extensibility, Facility, Fictility, Flexibility, Flexility, Flexuousness, Formativeness, Give, Heftiness, Huskiness, Impressionability, Involuntary muscle, Limberness, Litheness, Malleability, Moldability, Muscle, Muscularity, Musculature, Physique, Plasticity, Pliability, Pliancy, Receptiveness, Resilience, Responsiveness, Rubberiness, Sensibility, Sensitiveness, Sequacity, Sinew, Sinewiness, Sinews, Springiness, Stretch, Stretchability, Stretchiness, Submissiveness, Suppleness, Susceptibility, Tensileness, Tensility, Thew, Thewiness, Thews, Tolerance, Tone, Tractability, Tractility, Voluntary muscle, Willowiness, Stretchiness, Flexibility, Pliancy, Suppleness, Rubberiness, Plasticity, Resilience, Springiness
How to use Elasticity in a sentence?
- Aging can decrease the elasticity of your skin.
- The rubbery space-age material could stretch to unbelievable lengths and then, because of its natural elasticity , would return to its original form and leave no trace of its transformation.
- One of the reasons kids love silly putty so much is that it has so much elasticity . No matter what you do it can always be molded back to its original form.
- Within the rodents, which generally have short generation times, generation time is positively correlated with adult survival elasticity.
- When she started her business she was utilized elasticity until she determined what was going to work with her product pricing.
- The price elasticity of electricity demand.
Meaning of Elasticity & Elasticity Definition