Elasticity

Synonyms of elasticity

• flexibility
• resilience
• pliability

Antonyms of elasticity

• rigidity
• inflexibility
• stiffness

Collocations of elasticity

price elasticity

Frequency: 80 %

The price elasticity of demand for this product is high.

elasticity of demand

Frequency: 75 %

The elasticity of demand for luxury goods tends to be higher.

income elasticity

Frequency: 70 %

The income elasticity of this product category is relatively low.

elasticity of supply

Frequency: 65 %

The elasticity of supply for this raw material is quite low.

cross-price elasticity

Frequency: 60 %

Understanding cross-price elasticity can help businesses set optimal pricing strategies.

Idiomatic Expressions for elasticity

• Phrase: elasticity of substitution
  Meaning: The extent to which one good or service can be substituted for another in consumption.
  Usage: The elasticity of substitution is an important concept in economics as it helps determine how consumers react to changes in prices of similar goods.