elastic

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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.

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 ?
In the ranges of elastic modulus and yield strength investigated in this work, the material with large [[sigma].
2015), and can be explained by the higher elastic modulus of the system at the green stage (Castro & Marraccini, 2006).
Conversely, our results demonstrated similar shear elastic modulus changes between PAS and LV arms at POST-REC.
The elastic modulus of the paste mixed with the expansive additive can be expressed by (16).
Secondly, the 30% applied compression remains within the practical range for the clinical application since most soft tissues start exhibiting nonlinearity over 5-10% strain [14] and the elastic modulus contrast enhancement can be achieved without causing any pain by applying excessive deformation on the skin.
In the opposite side, the elastic modulus and the shear modulus are increasing with the increase of the experimental temperature.
The nanohardness was reduced by 87% and the elastic modulus by 78% in enamel, just as the nanohardness was reduced by approximately 73% and the elastic modulus by 75% in dentine (Figures 3 and 4).
We have shown that glycerin analogs migrate from a soy adhesive into the wood cells adjacent to the bondline, and that cells adjacent to the adhesive containing 3 chloro-1,2 propanediol had lower elastic modulus than control cells.
Of the graded models, model 1 corresponds to the low elastic modulus group; model 2 corresponds to the high elastic modulus group.
The elastic modulus of the second infill layer also has a higher influence as compared to the elastic modulus of the first layer and the influence of elastic modulus is higher on the pull-out displacement as compared to its influence on the pull-out load ANALYTICAL PULL-OUT MODEL Modeling:The pull-out behavior of an anchor bar from the surrounding concrete is modeled by the shear-lag model using the strength criterion (Tsubaki and Sumitro 1998a, b, Stang and Shah, 1990) as shown in Figure 1.
For that reason a method to determine the elastic modulus for solving the problem of compression (or tension) of a thin-walled circular cylindrical shell with a certain thickness, radius, and length (TWCS method) with regard to the geometrical and physical nonlinearity was recently proposed [4,5].