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1. Dictionary

   elasticity

   /ˌiːlaˈstɪsɪti/

   noun

   • 1. the ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness: "aging can decrease the elasticity of your skin" Similar stretchinessflexibilitypliancysupplenessrubberinessplasticityresiliencespringinessinformal:giveadaptabilityflexibilityadjustabilityfluidityaccommodationversatilityvariabilitymalleabilityconformabilityOpposite rigiditydogmatism
   • 2. ability to change and adapt; adaptability.
   • 3. the degree to which a demand or supply is sensitive to changes in price or income: "the price elasticity of electricity demand"

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2. www.khanacademy.org › economics-finance-domain › ap-microeconomicsIntroduction to price elasticity of demand (video) | Khan Academy

   www.khanacademy.org › economics-finance-domain › ap-microeconomics

   • Cached

   Elasticity is calculated as percent change in quantity divided by percent change in price. Elastic situations have elasticity greater than 1, while inelastic situations have elasticity less than 1. Elasticity varies along a demand curve, and different calculation methods exist.

   • Price elasticity of demand and price elasticity of supply - Khan Academy

     Key points. Price elasticity measures the responsiveness of...

   • Elasticity | Microeconomics | Economics | Khan Academy

     Lesson Overview - Cross Price Elasticity and Income...

3. www.britannica.com › science › elasticity-physicsElasticity | Definition, Examples, & Facts | Britannica

   www.britannica.com › science › elasticity-physics

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   Elasticity is the ability of a material to return to its original shape and size after being deformed by a force. Learn about the types, limits, and theories of elasticity, and how it applies to solids, gases, and liquids.

4. Videos

   • investopedia.com

     Elasticity: What It Means in Economics, Formula, and Examples

     27 Jan 2010

   • investopedia.com

     What Is Elasticity in Finance; How Does it Work (with Example)?

     31 Dec 2008

   • 7:00

     youtube.com

     Elasticity Overview and Tips- Micro Topics 2.3, 2.4, and 2.5

     2 Oct 2019

     342.9K views

   View all

5. www.investopedia.com › terms › eElasticity: What It Means in Economics, Formula, and Examples

   www.investopedia.com › terms › e

   • Cached

   2 Jan 2021 · Elasticity is a measure of how much demand for a good or service changes with a change in price or other variables. Learn about the types of elasticity, how to calculate it, and see real-world examples of elastic and inelastic goods.

6. www.khanacademy.org › economics-finance-domain › microeconomicsPrice elasticity of demand and price elasticity of supply - Khan...

   www.khanacademy.org › economics-finance-domain › microeconomics

   • Cached

   Learn how to calculate and interpret price elasticity, which measures the responsiveness of quantity demanded or supplied to a change in price. See examples, formulas, and graphs for different types of elasticity.

7. www.merriam-webster.com › dictionary › elasticityElasticity Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › elasticity

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   Elasticity is the quality or state of being elastic, such as the capability of a strained body to recover its size and shape after deformation. It also refers to the responsiveness of a dependent economic variable to changes in influencing factors.

8. dictionary.cambridge.org › dictionary › englishELASTICITY | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › dictionary › english

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   Elasticity is the ability to stretch, change, or respond to something else. Learn how elasticity is used in different contexts, such as economics, biology, and business, with examples and synonyms.

9. www.khanacademy.org › economics-finance-domain › microeconomicsElasticity | Microeconomics | Economics | Khan Academy

   www.khanacademy.org › economics-finance-domain › microeconomics

   • Cached

   Learn how elasticity measures the responsiveness of demand or supply to changes in price, income, or other factors. Explore the concepts, formulas, and examples of elasticity in various contexts and applications.