Definition from Wiktionary, the free dictionary
- (physics) The property by virtue of which a material deformed under the load can regain its original dimensions when unloaded
- (economics) The sensitivity of changes in a quantity with respect to changes in another quantity.
- If the sales of an item drop by 5 % when the price increases by 10 %, its price elasticity is -0.5.
- The quality of being elastic.
physics: property by which a material can regain its original dimensions
economics: sensitivity of a variable to changes in another variable
quality of being elastic
adaptability — see adaptability