  Modular equations occur in number theory, but it is less known that such
equations also occur in the study of deformation properties of quasiconformal
mappings. The authors study two important plane quasiconformal distortion
functions, obtaining monotonicity and convexity properties, and finding sharp
bounds for them. Applications are provided that relate to the quasiconformal
Schwarz Lemma and to Schottky's Theorem. These results also yield new bounds
for singular values of complete elliptic integrals.
