elasticity

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Related to modulus of elasticity: modulus of rigidity

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.

elasticity

The responsiveness of the quantity purchased of an item to changes in the item's price. If the quantity purchased changes proportionately more than the price, the demand is elastic. If the quantity purchased changes proportionately less than the price, the demand is inelastic. For example, price increases by cigarette manufacturers have a relatively small effect on cigarette consumption, thus, the demand for cigarettes is inelastic.

elasticity

The ability of the real estate market to respond to price increases over a fairly short period of time.

References in periodicals archive ?
The initial and secant modulus of elasticity in cases related to the ABNT NBR 6118:2014 were estimated according Equation 1, 2, 3 and 4, as described earlier.
Conclusions: A material-testing procedure has been applied to maize stalks in order to determine their bending strength, modulus of elasticity, shearing strength and specific shearing energy.
The relationship between maximum bending strength and modulus of elasticity is fairly strong (r = 0.
b], the modulus of elasticity E for bricks obtained from core boreholes sampled from historical masonry in the pore saturation state.
These modulus of elasticity values are specific for each stage.
The value obtained from nanoindentation was used in a formula described by Oliver and Pharr [1992] to calculate the Young's Modulus of Elasticity of Dentine.
The concept of a cable equivalent modulus of elasticity was first introduced by Ernst [1].
The modulus of elasticity and high tensile and flexural strength guarantee Trespa Meteon's high impact resistance, the company adds.
5) (1992), who submitted some materials to the existing polymerization methods: conventional (water heat diffusion), microwave energy and light, and then compared properties such as hardness, surface smoothness, transversal resistance, modulus of elasticity and resistance to impact.
Series of experimental data stated here include tensile strength, compressive strength, and yield strength, modulus of elasticity, torsional strength and shear modulus, which can reflect the complex material behavior of femur bone.