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Free US Law Dictionary

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Elasticity

Elasticity may refer to:

  • Elasticity (physics), continuum mechanics of bodies which deform reversibly under stress

Various uses are derived from this physical sense of the term, especially in economics:

  • Elasticity (economics), a general term for a ratio of change. For more specific economic forms of elasticity, see:
    • Price elasticity of demand
    • Price elasticity of supply
    • Income elasticity of demand
    • Cross elasticity of demand
    • Output elasticity
    • Elasticity of substitution
    • Beta coefficient
    • Yield elasticity of bond value
  • Elasticity of a function, a mathematical definition of point elasticity
    • Arc elasticity


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