elasticity


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Related to elasticity: Elasticity of supply, Elasticity of Demand and Supply, Elasticity of demand

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.

elasticity

The responsiveness of the quantity purchased of an item to changes in the item's price. If the quantity purchased changes proportionately more than the price, the demand is elastic. If the quantity purchased changes proportionately less than the price, the demand is inelastic. For example, price increases by cigarette manufacturers have a relatively small effect on cigarette consumption, thus, the demand for cigarettes is inelastic.

elasticity

The ability of the real estate market to respond to price increases over a fairly short period of time.

References in periodicals archive ?
The Rocket suite s new container and elasticity capabilities, driven by customer demand, is part of Opera s ongoing commitment to innovate while lowering costs and increasing functionality and the efficiency of service delivery.
Given a discrete change in price and quantity, it takes on two distinct values, typically illustrated with the elasticity values at two points on a straight line demand curve.
Future directions: A supervised training study conducted on women and examining the effect of exercise on arterial elasticity is needed.
Even when models with endogenous preferences are considered, the long term elasticities are expected to reveal only incremental changes, and hence, that the long term elasticity is low (Becker 1996).
Pycnogenol also enhanced skin elasticity by 25%, in addition to skin hydration by 8%, and was especially noticeable in women who had dry skin from the start, with an increase of 21%.
This is characteristic of the elasticity in the product.
are all belong to nature of elasticity of durable and non-durable commodities.
We also examine medical care's price elasticity of demand and demonstrate that the gross price elasticity can be decomposed into two separate and observable components, the medical care gross price elasticity of insurance choice and the cost-sharing elasticity of medical care.
Each person had three waveform tests, and results of the three tests were averaged to give a single elasticity number for that person.
The value obtained from nanoindentation was used in a formula described by Oliver and Pharr [1992] to calculate the Young's Modulus of Elasticity of Dentine.
Quantitative measurements of skin elasticity is a "highly promising" non-invasive biomechanical biomarker for detecting amyotrophic lateral sclerosis (ALS) and predicting disease progression, according to research reported at the American Academy of Neurology's annual scientific meeting in Seattle.
This motivates us to calculate price elasticity as well.