elastic


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Elasticity of Demand

The relative stability of a security's or product's price in the face of increased or decreased demand. Elastic securities or products have prices that move as independently as possible from changes in demand. In securities, elasticity is strongly influenced by the number of shares outstanding; if a company has many shares outstanding, a large order to buy or sell them is less likely to affect the price as strongly as a similar order for a company with comparatively few shares outstanding. In other products, elasticity largely comes from whether a given product is considered a necessity or a luxury. A "necessary" product is likely to be more elastic. See also: Income Elasticity of Demand.

elastic

Of or relating to the demand for a good or service when the quantity purchased varies significantly in response to price changes in the good or service. For example, the demand for a product with many close substitutes is elastic because a small price rise will cause consumers to switch to competing brands. Compare inelastic.

elastic

adj. relatively responsive to change.

See PRICE-ELASTICITY OF DEMAND, PRICE-ELASTICITY OF SUPPLY, INCOME-ELASTICITY OF DEMAND, CROSS-ELASTICITY OF DEMAND.

References in periodicals archive ?
Fold the elastic toward the skirt wrong side, and then evenly pin it in six to eight locations around the skirt to ease it into the fabric (4).
The identification of AE source locations is performed on the basis of ray-trace technique that considers heterogeneity of elastic wave velocity distribution [6].
The elastic strain, and therefore the change that is induced in electrons' potential energy, changes with the distance from the funnel's centre.
80, 10 subjects were required to participate in the study, and with a crossover study design, one half undertook the ELASTIC training first and the other half undertook the ASYM CAM first.
It is known that the guiding system of prismatic joints has the biggest contribution on totally joint's elastic deformation, practically, the joint's carriage is fully rigid compared with guiding elements.
For grade III sprains, however, treatment with either the Air-Stirrup brace or casting for 10 days followed by the use of an elastic wrap appears to produce comparable outcomes, according to the investigators (Am.
In addition, OBCs are said to have elastic recovery comparable to SBCs but with higher heat resistance.
6 GAYNOR MINDEN Vamp Elastic $5 "Invisible" Elastic $3 For a retailer near you: www.
For many products in the elastic nonwovens market, says BASF, Elastollan TPU resins offer improved performance, including higher elasticity and strength, better recovery, high chemical resistance, improved sealing, efficient filtering, and improved comfort and grip.
AFTER COMPETITIVE TESTING, STAYPUT ELASTICS HAD 33% MORE HOLDING POWER THAN TRADITIONAL ELASTICS.
With your left hand, hold the elastic band roughly halfway down.