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 ?
After the measurements, the effect of E-glass Fiber addition to impact, transverse strength and modulus of elasticity of heat-polymerized acrylic resin were analysed with One-way ANOVA test.
The global bending modulus of elasticity ([E.sub.0,mean,test]) and compression modulus of elasticity parallel to the grain ([E.sub.c,0,test]) were determined in previous tests (Table 4).
Caption: Figure 10: Relation curve of dynamic modulus of elasticity and confining pressure.
In which [f.sub.ck] is the compression strength, in megapascals; Eci is the initial modulus of elasticity, in megapascals; and Ecs is the secant modulus of elasticity, in megapascals.
Table 1--Flexion test results (Modulus of elasticity and rupture) of G1 (eight whole swine femurs, not osteotomized or drilled) and G2 (seven whole swine femurs, not osteotomized but with a 15mm diameter drilled medullary canal).
Bending stress and modulus of elasticity: The bending stress was evaluated as a function of stalk diameter.
Similar to compressive strength and the modulus of elasticity, the partial replacement of sand with crumb rubber particles reduced the values of tensile strength obtained for plain and steel fiber concrete.
The progressive lameness and occasional tendon rupture represent altered tendon function (reduced tensile strength and reduced modulus of elasticity) during infection in a rapidly growing turkey.
Demarco, "Flexural strength and modulus of elasticity of different types of resin-based composites," Brazilian Oral Research, vol.
The tensile strength and modulus of elasticity of irradiated neat CS and CS/CC biocomposite films is drastically increased as compared to un-irradiated biocomposite films.
Modulus of elasticity test: This test was performed to find out the variation in the Modulus of Elasticity in four different types of the concrete mixtures one reference concrete and three ceramic waste concretes with substitution of sand with fine aggregate of ceramic waste at different proportions.