Pronunciation: /ɪˌlæsˈtɪsɪti/
noun the quality of being elastic; the ability of an object or material to resume its shape after being stretched or compressed
A1 The rubber band has elasticity, so it can stretch.
A2 The fabric of this shirt has good elasticity, allowing for comfortable movement.
B1 Elasticity of demand refers to how much the quantity demanded changes with a change in price.
B2 The company's success can be attributed to its ability to adapt quickly due to its market elasticity.
C1 The economic concept of elasticity is crucial for understanding consumer behavior and market dynamics.
C2 The elasticity of the material used in the construction of the bridge was carefully calculated to ensure its durability and flexibility.
formal The concept of price elasticity of demand measures how sensitive consumers are to changes in price.
informal I heard that the elasticity of that rubber band is really strong.
slang I can't believe the elasticity of those leggings, they are so stretchy!
figurative The elasticity of her schedule allowed her to easily adapt to last-minute changes.
elasticized
elasticities
more elastic
most elastic
elasticizes
will elasticize
has elasticized
is elasticizing
elasticity
elastic
to elasticize
elasticizing
elasticized