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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 ?
Zou, "Local buckling of elastically restrained fiber-reinforced plastic plates and its application to box sections," Journal of Engineering Mechanics, vol.
The beam on elastic foundation is assumed to be elastically restrained by means of translational and rotational springs (see Figure 1).
When these plates also have an internal line hinge elastically restrained against rotation, the mathematical structure of the transition conditions becomes more complex.
The initial vector [{[[psi].sub.m]}.sub.0] is expressed for various types of boundary conditions at [eta] = 0, namely, for edge elastically restrained against rotation, simply supported edge, clamped edge, respectively, such that
(c) The volume of the material of the fastened plates that is elastically deformed is approximately extended over two identical truncated cones and a cylinder (Fig.3 and Fig.
4, a the end point A was moved vertically downwards deforming the system elements elastically and allowing the points B of the half tube contour to move freely in horizontal direction (Fig.
Try to feel as if you are supporting your weight "elastically," like a rubber band.
EBSD occurs when high-energy electrons are elastically scattered by atomic planes in a crystalline sample.
Carlo Nash saved elastically from David Smith's piledriver and then happily saw Jack Lester's glancing header bounce on his bar.
The performance measures are weight-average degree of polymerization for homopolymerizations [Mathematical Expression Omitted], weight-average molecular weight [Mathematical Expression Omitted], the gel point [[Alpha].sub.c], weight-fractions of soluble, pendant and effective material in the gel (wfs, wfp, and wfe, respectively) and other network parameters related to elastic modulus (concentration of elastically active junctions and strands, and number average weight of elastically active network strands).
The hydraulic impact mechanism in the new V series is elastically mounted to prevent vibrations and secondary noise being transmitted from the carrier unit.
By never permitting the concrete to be subjected to tension, the wall will elastically deform without cracking.