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elasticity

noun

ɪˌlæˈstɪs.ə.ti

Meaning

The responsiveness of demand or supply to changes in price.

The ability of an object or material to resume its normal shape after being stretched or compressed.

The elasticity of demand for luxury goods is high.

Rubber has a high degree of elasticity.

price elasticity

Responsiveness, Flexibility, Adaptability, flexibility, resilience, suppleness, adaptability

Entry 1

Responsiveness, Flexibility, Adaptability

Entry 2

flexibility, resilience, suppleness, adaptability

Rigidity, Inflexibility, Inelasticity, rigidity, stiffness

Entry 1

Rigidity, Inflexibility, Inelasticity

Entry 2

rigidity, stiffness

elasticity of demand, elasticity of supply, elasticity coefficient

The process of making something work in the best possible way or achieving maximum efficiency.

a jumping insect with long hind legs that feeds on grass and plants

The feeling of fullness and satisfaction after eating, which helps control food intake and prevent o...

an area of open land, often used for farming, sports, or scientific study

Claims or assertions that someone has done something illegal or wrong, typically without proof.

a container with a lid, handle, and spout for brewing and serving tea