elasticity

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Related to modulus of elasticity: modulus of rigidity

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 ?
In addition, the determination of the modulus of elasticity was obtained from specimens in the elastic sections, in contrast with the tree stem test.
The concentration dependence has a decreasing exponential character in the case of the modulus of elasticity and the yield stress.
b] and the modulus of elasticity E of sandstone with growing porosity (Witzany, Cejka 2008).
The effect of NSCH on the proteins in dentine was not determined in this study, but it can be assumed that a reduced hardness and modulus of elasticity could possibly be a result of denaturing of proteins within the dentine matrix.
Due to this loss of moisture literature shows up to 5% decline in modulus of elasticity.
The effect of varying the condenser pressure on the tube diameter for the 9889 kPa (1434 psi) modulus of elasticity short-tube is shown in Figures 8 and 9 for R-134a and R-410a, respectively.
In the study, changes in static modulus of elasticity for concretes containing 0, 15, and 30% OSA added to cement and cured in aggressive solutions such as [Na.
Modulus of elasticity is, in fact, a key to formulation.
Other properties of the sheet meeting MedRad's requirements include: tensile elongation of 5,800 psi; modulus of elasticity of 347,000 psi; and Rockwell Hardness of 106.
AIC is introducing a new, low wear polycarbonate-urethane material that has a modulus of elasticity similar to human cartilage, is biocompatible and is as durable as titanium.
Tensile strength elongation at break and modulus of elasticity were recorded from software.