elastic

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Related to Elasticity of demand: Elasticity of supply, Income elasticity of demand

elastic

1. (of a body or material) capable of returning to its original shape after compression, expansion, stretching, or other deformation
2. (of gases) capable of expanding spontaneously
3. Physics (of collisions) involving no overall change in translational kinetic energy
4. made of elastic
5. tape, cord, or fabric containing interwoven strands of flexible rubber or similar substance allowing it to stretch and return to its original shape
6. Chiefly US and Canadian something made of elastic, such as a rubber band or a garter

elastic

[i′las·tik]
(mechanics)
Capable of sustaining deformation without permanent loss of size or shape.

elastic

Descriptive of a material having the property of elasticity.
References in periodicals archive ?
This result is consistent with the findings of Pagoulatos and Sorenson (1986) in that R&D intensity reduces the elasticity of demand (and, thus, increases allocative efficiency losses).
Next, we calculated the price elasticity of demand for health insurance at the mean of the data.
Leaving aside income effects and assuming an unchanged total labour force it can be shown from applying the definition of the elasticity of demand substitution that
Considering the limited scope of methods proposed in the literature to determine the tuition elasticity of demand for education, the proposed TENEP model works adequately and provides additional input into the tuition-rate decision process.
According to Deloitte, however, products such as appliances, which have a high elasticity of demand, are not able to pass as much cost on to their customers if they are to remain competitive.
From equation (4), the elasticity of demand for health care with respect to [P.
Numerous articles currently in the literature seek to model elasticity of demand in response to the effective price of numbers game lotteries.
As a result, any estimation of aggregate demand to arrive at measures of a representative consumer's income elasticity of demand and price-elasticity demand is essentially an empty exercise because the restrictions (values) placed on the income elasticity and price elasticity are presupposed prior to any estimation.
The introduction of a similar tax in South Africa could possibly have a similar effect, although factors such as the price elasticity of demand and the ratio of domestic produce versus importation will impact this figure.
The measurement of changes in the reaction of sport consumers to ticket price is called price elasticity of demand, which is used in the present study to assess how sensitive consumers are to price fluctuations (Shank, 2009).
Price elasticity of demand by country Ei is the product of multiplying the regression coefficient of price variable by the averages of Pit/Qit in case the estimated demand function is linear; while the regression coefficient of the price variable is itself the price elasticity of demand in case the estimated demand function is logarithmic.
2], divided by the mean of Coverci, exhibits the price elasticity of demand.