
[New Latin elasticus, from Late Greek elastos, beaten, ductile, variant of Greek elatos, from elaunein, to beat out.]
elastically e·las'ti·cal·ly adv.
adjective
Definition: adaptable, tolerant
Antonyms: difficult, inadaptable, inflexible, intolerant, ungiving
adj
Definition: pliant, rubbery
Antonyms: inelastic, inflexible, rigid, stiff, tense, unyielding
Descriptive of a material having the property of elasticity.
Applied to a material which regains its original shape on removal of a distorting force. Compare plastic.
A situation in which the supply and demand for a good or service can vary significantly due to the price. The elasticity of a good or service can vary according to the amount of close substitutes, its relative cost and the amount of time that has elapsed since the price change occurred.
Investopedia Says:
Companies that operate in very fierce and competitive industries provide goods or services that are very elastic because these companies tend to be price takers. For example, the airline industry is very elastic because all airlines offer a very similar service (getting passengers from point A to point B). For the most part, an airline company can't have prices that are significantly different from those of its competitors because this can result a huge loss of business to competitors.
Related Links:
From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone. Explaining The World Through Macroeconomic Analysis
The concept of elasticity of demand is part of every purchase you make. Find out how it works. Why We Splurge When Times Are Good
Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more! Economics Basics
Our science teacher used a bungee cord to demonstrate the properties of an elastic substance.
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| elastatinal, elastase, elasmobranch | |
| elasticity coefficient, elastin, elastonectin |
Capable of resuming normal shape after distortion.
Referring to property of a solid substance that permits recovery of its shape after a deformation resulting from force application.

| Look up elastic in Wiktionary, the free dictionary. |
Elastic may refer to:
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Dansk (Danish)
adj. - elastisk, fleksibel, spændstig, ukuelig
n. - elastik, elastisk stof
idioms:
Nederlands (Dutch)
elastiek, elastisch
Français (French)
adj. - (lit, fig) élastique
n. - élastique
idioms:
Deutsch (German)
n. - Gummiband
adj. - elastisch
idioms:
Ελληνική (Greek)
n. - ελαστικό, λάστιχο
adj. - ελαστικός, εύκαμπτος
idioms:
idioms:
Português (Portuguese)
n. - elástico (m)
adj. - elástico, flexível
idioms:
Русский (Russian)
резинка, эластичный, упругий, неунывающий
idioms:
Español (Spanish)
adj. - elástico, flexible
n. - elástico
idioms:
Svenska (Swedish)
n. - resårband, gummisnodd, (pl.) strumpeband
adj. - elastisk, tänjbar, gummi-
中文(简体)(Chinese (Simplified))
有弹性的, 可通融的, 能伸缩的, 松紧带, 橡皮筋
idioms:
中文(繁體)(Chinese (Traditional))
adj. - 有彈性的, 可通融的, 能伸縮的
n. - 鬆緊帶, 橡皮筋
idioms:
한국어 (Korean)
adj. - 탄성의, 활달한, 융통성 있는
n. - 고무끈
日本語 (Japanese)
adj. - 弾力のある, 融通の利く, すぐ元気になれる, 弾力性のある, 伸縮性のある, しなやかな, 融通性のある, 屈託のない, 快活な
n. - ゴムひも, 輪ゴム, ゴム入り生地, ゴム紐
idioms:
العربيه (Arabic)
(الاسم) مطاط (صفه) مرن, مطاط
עברית (Hebrew)
adj. - גמיש, אלסטי, קפיצי, מתיח
n. - קפיץ, חומר גמיש, גומי
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