answersLogoWhite

0

What is the definition for elasticity?

Updated: 9/25/2023
User Avatar

Wiki User

8y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the definition for elasticity?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the definition of price elasticity on demand?

the higher the price,the shorter the quantity


What is the definition of a word that means something that can be bent and then return to its original form?

elasticity


What is in elasticity?

In science, elasticity is the tendency of a material to return to its original size and shape when it is released from being stretched or compressed. By this definition steel is more elastic than rubber.


According to physics what is the definition of elasticity?

Elasticity, in physics, is defined as the property of a material whose dimensions can be altered by applying stress. However, the object will return to the original form.


What is elasticity in science?

In science, elasticity is the tendency of a material to return to its original size and shape when it is released from being stretched or compressed. By this definition steel is more elastic than rubber.


In economics what are the types of elasticity?

price elasticity income elasticity cross elasticity promotional elasticity


What are different types of elasticity?

The elasticity of demand refers to how sensitive the demand for a good is to changes in other economic variables. The different types are: price elasticity, income elasticity, cross elasticity and advertisement elasticity.


What items have elasticity?

Gum has elasticity.


What is the properties of matter of elasticity?

elasticity


What are the 3 types of elasticity?

1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand


What is the definition of perfect elastic?

AKA Infinite elasticity of demand. Means a change in price will not effect quantity demanded. Such as necessary goods/services to survival.


Is elasticity in cotton?

No, there is no elasticity in cotton at all