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What does elasticate mean?

Updated: 8/19/2019
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Wiki User

12y ago

Best Answer

Elasticity means strecthy:)

Actually, Elasticity is an economic term that measures how much a product is used less if the price increases. The classic example is gasoline; we all use it to power our cars, and we certainly rely on our cars to get to work, school, etc. If the price of gasoline goes up 10 percent, the usage of gasoline goes down 1 percent. The elasticity of gasoline is -.1. Negative means the usage goes down. Many luxury items on the other hand, have higher elasticities because when prices go up a little bit, the usage goes down a lot.

Tim K.

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13y ago
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12y ago

Elastic is something that stretches easily

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8y ago

When you stretch an elastic material and let go it will go back to its original shape, but when you stretch an inelastic material and let go it will stay in the form that you put it in.

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12y ago

it means nothing!

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