elasticity
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English
[edit]Etymology
[edit]Pronunciation
[edit]- (UK) IPA(key): /ɪ.læsˈtɪs.ɪ.ti/
- (US) IPA(key): /ɪ.læsˈtɪs.ɪ.ti/, [ɪ.læsˈtɪs.ɪ.ɾi], /ɛl.æsˈtɪs.ɪ.ti/, [ɛɫ.æsˈtɪs.ɪ.ɾi]
- Rhymes: -ɪsɪti
Noun
[edit]elasticity (countable and uncountable, plural elasticities)
- (physics) The property by virtue of which a material deformed under load can regain its original dimensions when unloaded
- (economics) The sensitivity of changes in a quantity with respect to changes in another quantity.
- If the sales of an item drop by 5% when the price increases by 10%, its price elasticity is −0.5.
- 2022 November 30, Anthony Lambert, “Rail fares fit for the 21st century”, in RAIL, number 971, page 43:
- Given elasticity of demand, there is a strong argument that filling the millions of empty seats through lower fares could actually increase revenue.
- (computing) A measure of the flexibility of a data store's data model and clustering capabilities.
- (computing) A system's ability to adapt to changes in workload by automatically provisioning and de-provisioning resources.
- (mathematics) The ratio of the relative change in a function's output with respect to the relative change in its input, for infinitesimal changes at a certain point.
- Synonym: point elasticity
- The quality of being elastic.
- Adaptability.
- Her elasticity allowed her to recover quickly.
- 1912, Arthur Conan Doyle, The Lost World […], London; New York, N.Y.: Hodder and Stoughton, →OCLC:
- "I'll have a try at it, Gladys, if you will only give me an idea what would please you." She laughed at the elasticity of my character.
Derived terms
[edit]- aeroelasticity
- aero-servo-elasticity
- aerothermoelasticity
- arc elasticity
- cross elasticity of demand
- cross-price elasticity of demand
- elasticity coefficient
- ferroelasticity
- hydroelasticity
- hyperelasticity
- hypoelasticity
- income elasticity of demand
- inelasticity
- magnetoelasticity
- magneto-electro-thermo-elasticity
- modulus of elasticity
- nonelasticity
- photoelasticity
- poroelasticity
- price elasticity of demand
- price elasticity of supply
- pseudoelasticity
- semi-elasticity
- superelasticity
- thermo-electro-magneto-elasticity
- unelasticity
- viscoelasticity
Translations
[edit]physics: property by which a material can regain its original dimensions
|
economics: sensitivity of a variable to changes in another variable
|
quality of being elastic
|
adaptability — see adaptability
Categories:
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- Rhymes:English/ɪsɪti
- Rhymes:English/ɪsɪti/5 syllables
- English lemmas
- English nouns
- English uncountable nouns
- English countable nouns
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