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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 ?
According to Aurizon's president, Greg Benrud, the company is completing an upgrade to its pilot line that will enable demonstration of multi-strand elastic processing in nonwovens at speeds of up to 2000 feet per minute (610 meters per minute).
We feel we can leverage our expertise in ultrasonic bonding of nonwoven structures to enhance both the process speed and the quality of the elastic articles being produced, " says Benrud.
There are several different types of elastic thread [ILLUSTRATION FOR FIGURES 1-6 OMITTED].
Draft is always a positive number and is limited by the breaking elongation of the elastic fiber.
While multistrand rubber tapes have gained wide acceptance, there are some companies that prefer polyurethane or spandex synthetic elastics in their products.
The diaper elastics industry is constantly evolving.
In combination with Elastic's SIEM efforts, Endgame's EDR and EPP capabilities will help organisations extend threat hunting to the endpoint.
Elastic is a search company that builds self-managed and SaaS offerings that make data usable in real time and at scale for use cases like application search, site search, enterprise search, logging, APM, metrics, security, business analytics and others.
The company develops the open source Elastic Stack (Elasticsearch, Kibana, Beats, and Logstash), X-Pack (commercial features) and Elastic Cloud.
Elastic is a software provider for making structured and unstructured data usable in real time for use cases like search, logging, and analytics.
As part of the acquisition, the Found team and its technology will become part of Elastic effective immediately.
OverEnd Technologies offers a range of elastic feeding systems.