A measure of responsiveness of one economic variable to another -- usually the responsiveness of quantity to price along a supply or demand curve -- comparing percentage changes (%D) or changes in logarithms (d ln). The arc elasticity of x with respect to y is e = %Dx/%Dy. The point elasticity is e = d lnx/d lny = (y/x)(dx/dy).
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Refers to the economic concept of the ability or comparative ease to adjust supply or demand within a changing economy.
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Elasticity indicates how one variable responds to a change in another variable. The main types of elasticity are elasticity of demand (price, cross price, income, advertising), and the elasticity of supply (price). The value can be either elastic or inelastic. An elastic value implies that the there will be a significant change in the quantity due
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Sometimes called leverage. It measures the theoretical increase (decrease) in the price of a covered warrant (in percentage terms) based on a 1% move in the underlying asset
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- the tendency of a body to return to its original shape after it has been stretched or compressed
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The ability of a strained material to recover its original size and shape immediately after removal of the stress that causes deformation.
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If a site is described as â€˜elastic` then it means that visitors return to that site.
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Ability of a material to return to its original shape when load causing deformation is removed.
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A material is elastic if it returns to its original shape after being deformed. The maximum load that a body can experience and still return to its original shape is known as the Elastic Limit.MetalsThe elastic limit is defined as the 0.2% offset yield strength. This represents the stress at which the stress-strain curve for uniaxial tensile loadin
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In economics, the measure of response of one variable to changes in another. Such measures are used to test the effects of changes in prices and incomes on...
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The property of a material by virtue of which deformation caused by stress disappears upon removal of the stress. A perfectly elastic body completely recovers its original shape and dimensions after release of stress.
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The material of a body is said to be elastic up to the point at which the whole of the strain, or distortion of the body, disappears when the stress, or force, which has produced it is removed.
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The property of certain materials that enables them to return to their original dimensions after an applied stress.
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The ability of a body to regain its original shape after deformation
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The property of materials to recover immediately their original size and shape when load is removed after deformation.
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E`las·tic'i·ty noun [ Confer French élasticité .] 1. The quality of being elastic; the inherent property in bodies by which they recover their former figure or dimensions, after the removal of external pressure or altering force; springiness; tendency to rebound; as, the elasticity
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1. The quality of being elastic; the inherent property in bodies by which they recover their former figure or dimensions, after the removal of external pressure or altering force; springiness; tendency to rebound; as, the elasticity of caoutchouc; the elasticity of the air. ... 2. Power of resistance to, or recovery from, depression or overwork. Co
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the tendency of a body to return to its original shape after it has been stretched or compressed; `the waistband had lost its snap`
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A measure of responsiveness. The responsiveness of behavior measured by variable Z to a change in environment variable Y is the change in Z observed in response to a change in Y. Specifically, this approximation is common: elasticity = (percentage change in Z) / (percentage change in Y) The smaller the percentage change in Y is practical, the bette
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(e″las-tis´ĭ-te) the quality of being elastic.
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• (n.) The quality of being elastic; the inherent property in bodies by which they recover their former figure or dimensions, after the removal of external pressure or altering force; springiness; tendency to rebound; as, the elasticity of caoutchouc; the elasticity of the air. • (n.) Power of resistance to, or recovery from, depression o
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(from the article `distribution theory`) ...can also be written (Q/Q)/(L/L), reflects the percentage increase in production resulting from the addition of 1 percent to the amount of labour ... ...changes in price and demand. Others used family-budget statistics broken down by income level to estimate relationships between income and ......
Found on http://www.britannica.com/eb/a-z/e/17
ability of a deformed material body to return to its original shape and size when the forces causing the deformation are removed. A body with this ... [25 related articles]
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elasticity The quality or condition of being elastic; that is, the quality of returning to an original size and shape after compression or stretching.
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Response of one value to a relative change in another value in a security or index. Ex. Reaction of price to volume. Discover What It`s Like to Live Easy With EquiTrend
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