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Related to elastic tissue: adipose tissue, Elastic connective tissue

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 ?
Thus, lymphohistiocyte-derived elastases maybe the major source of degradation of elastic tissue in anetoderma.
These data suggest that cooperation of different cell populations (i.e., inflammatory cells and fibroblasts) may result in an increased elastolytic burden that is caused of a focal loss of elastic tissue in the midreticular dermis of MDE patients.
Elastic tissue degeneration and calcification of arterial media within medium-sized arteries results in diminished peripheral pulses, intermittent claudication, coronary insufficiency, premature calcification of peripheral arteries, intracranial aneurysms, cerebral ischemia, and hypertension.
[5.] Kadar, Anna, Scanning Electron Microscopy of Purified Elastin With and Without Enzymatic Digestion: Elastin and Elastic Tissue, Ed.
A MUTANT form of the elastic tissue that keeps people looking young may help the growth of skin cancer, scientists said yesterday.
Sometimes the loss of elastic tissue in the skin allows the skin of the cheeks to droop down, allowing moisture and saliva to collect in the crease - giving rise to soreness and cracking.
The hard bones don't grind together because the ends of them are covered by a dense elastic tissue called cartilage.
Unlike existing smart materials, the new fiber is modeled on elastin, a protein that is the basic constituent of elastic tissue, the connective tissue found in the walls of arteries, ligaments, skin, and lungs.
Cartilage, the tough, elastic tissue necessary for the normal functioning of a joint, is often eroded by progressive RA.
Exposure to sun not only causes pre-cancerous (actinic keratosis) and cancerous (basal cell carcinoma, squamous cell carcinoma and melanoma) skin lesions - caused by loss of the skin's immune function, it also leads to benign tumors, fine and coarse wrinkles, freckles, sallowness - a yellow discoloration of the skin, telangiectasias - the dilation of small blood vessels under the skin, and elastosis - the destruction of the elastic tissue causing lines and wrinkles.
With age the collagen fibers get fragmented and disoriented, there is increasing fragmentation of elastic tissue, responsible for wrinkling seen in old age.