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Elasticity
ˌiːlaˈstɪsɪti
Elasticity definitions
noun
elasticity
- the ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness
"aging can decrease the elasticity of your skin"
- ability to change and adapt; adaptability
- the degree to which a demand or supply is sensitive to changes in price or income
"the price elasticity of electricity demand"