What is the definition of elacity?

Answer 1

Elacity is not a commonly recognized term in standard English. It may be a typographical error or a misspelling of "elasticity," which refers to the ability of a material to return to its original shape after being stretched or compressed. In a broader context, elasticity can also describe how responsive demand or supply is to changes in price or other economic factors. If you meant a different term, please provide more context.