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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 ?
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.
5 350% a 5 inch piece of elastic stretched to 10 inches will have 100% elongation.
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.
Through the past 15 years there has been a gradual evolution from the initial single and elastic manufactured for the first disposable diaper to the currently popular multistrand.
The company develops the open source Elastic Stack (Elasticsearch, Kibana, Beats, and Logstash), X-Pack (commercial features) and Elastic Cloud.
Elastic will integrate the Prelert technology into the company's Elastic Stack, and will offer it as part of its subscription packages in 2017.
Elastic is a software provider for making structured and unstructured data usable in real time for use cases like search, logging, and analytics.
Founded in 2012 by the people behind the Elasticsearch, Kibana, Logstash, and Beats open source projects, the Elastic Stack, X-Pack, and Elastic Cloud have had more than 70m cumulative downloads to date.
10 March 2015 - Dutch enterprise search engine company Elastic has acquired Elasticsearch SaaS provider Found, the company said on Tuesday.
Elastic is the company behind the ELK stack, which combines search technologies Elasticsearch, Logstash, and Kibana to provide real-time insights from structured and unstructured data.