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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 ?
8,613,737 B2 Disposable absorbent article having elasticized outer leg cuff: Kouichi Mi-yamoto, Kobe Hyogo, Japan.
The cover is made of tough fabric with a water resistant backing and is elasticized on the bottom hem for a fast and custom fit.
These delightful garments are both amusing and practical, made of rugged waterproof vinyl with snap closings and an elasticized hood to fit snugly around the head and prevent water from running down the child's neck.
Like the work of Alwin Nikolais, with whom he studied (in addition to Marcel Marceau and Merce Cunningham), Decoufle's work is all about appearance and magic, transformation and illusion, but also about detail and timing: the elements that transform individual ideas (let's have dancers on elasticized ropes, bounding on and off a sofa; let's do a dance echoed by an inverted mirror-figure directly beneath) into a collage of resonantly humorous and poetic images.
Earth shoes also offer adjustability with straps, ties and elasticized stretch goring.
With a covered, elasticized top-line that keeps your foot gently secured and a cross-lacing adjustable back corset, you'll have the perfect fit for a perfect workout," explains Blake Brody.
Narrow elastic fabrics are used as apparel components -- such as elasticized waistbands for men's and boys' underwear, our patented QuikCord(R) in athletic wear and as straps, facings, edgings and waistbands in women's intimate apparel, as well as for elastic waistbands and thigh-high bands in women's hosiery.
Not only is Ritmo's soft fabric belt lightweight, elasticized, supportive, washable and irritation-free, but its state-of-the-art speaker system and controller/stabilizer easily connects to your own audio device to transmit music and sound safely in-utero.
Worldtex is well positioned to capitalize on this trend with respect to elasticized components of apparel products.
Shapes as clean and relaxed as tunics, elasticized waist skirts and pants and unconstructed jackets have a look of unstudied elegance.
A process for making a composite sheet (10) useful for an absorbent article, said composite sheet (10) comprising one or more openings to receive fecal material, a wrinkled, patterned elasticized region (12) that comprises adhesive, a patterned first sheet (13) and an elastic material (15), said composite sheet (10) being obtained by: a.
The ability to point Virtual Machines at an easily manageable, robust and scalable pool of thinly provisioned virtual storage will save time, increase flexibility, and further the industry's march toward elasticized cloud computing.