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Related to elastic modulus: Poisson's ratio

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

elastic

adj. relatively responsive to change.

See PRICE-ELASTICITY OF DEMAND, PRICE-ELASTICITY OF SUPPLY, INCOME-ELASTICITY OF DEMAND, CROSS-ELASTICITY OF DEMAND.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Elastic modulus, however, was further improved to 781.4, 795.2, and 811.8 MPa, respectively.
The most accessible of these to someone familiar with material properties is the storage modulus, known more formally as the elastic modulus.
Table 4 shows the unit weight and elastic modulus of various concrete specimens.
Caption: Figure 1--frequency sweep depicting the elastic modulus, G' (*), and viscous modulus, G" ([DELTA]), for natural rubber without peptizer at mastication times of 0, 2 and 10 minutes performed at 130[degrees]C
The variation of the mechanical properties of oil shale indicates that its elastic modulus and compressive strength reduced greatly at 300-500 [degrees]C (Table 1).
Influence of Elastic Modulus and Poisson's Ratio of Proppant.
The ductility ([mu]) of the column, as in Figure 7, is mostly influenced by EQFRR and elastic modulus of FRP reinforcement, as shown in Figure 11.
Spearman's correlation coefficient was used to test relationships between the measured elastic modulus of hydrated and dehydrated media and the PWV as well as with SLRPs expression activity.
Let [E.sub.rock], [E.sub.coal], and [K.sub.rock], [K.sub.rock] denote, respectively, the elastic modulus and stiffness where the subscripts "coal" and "rock" identify the coal and rock components, and suppose [E.sub.rock] > [E.sub.coal] and [K.sub.rock] < [K.sub.coal].
The curves in Figures 23 and 24 show the pitch angular velocities and angular displacements of the missile at different elastic modulus. It can be seen that the pitch angular velocity and the angle of the missile at different elastic modulus is also not the same.
(2) When the elasticity modulus E > [E.sub.2], the reloading elastic modulus is smaller than the unloading elastic modulus.
When executing the algorithm, the increase or decrease in the elastic modulus value (Table 2) was considered according to the percent deviation between the experimental frequencies and the frequencies obtained from FEM (Equation 3).