Elasticity (noun) Definition, Meaning & Examples

noun
  1. the state or quality of being elastic.
  2. flexibility; resilience; adaptability: a statement with a great elasticity of meaning.
  3. ability to resist or overcome depression; buoyancy.
  4. the property of a substance that enables it to change its length, volume, or shape in direct response to a force effecting such a change and to recover its original form upon the removal of the force.
noun
  1. the property of a body or substance that enables it to resume its original shape or size when a distorting force is removed
  2. the state or quality of being elastic; flexibility or buoyancy
  3. a measure of the sensitivity of demand for goods or services to changes in price or other marketing variables, such as advertising
    Elasticity (noun) Definition, Meaning & Examples

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