elasticity

Definitions

The ability of an object or material to resume its normal shape after being stretched or compressed.

The degree to which a variable, such as demand or supply, changes in response to a change in another variable, such as price.

The quality of being flexible, adaptable, or resilient.

Examples

The elasticity of the rubber band allowed it to stretch significantly without breaking.

Economists often study the price elasticity of demand to understand how consumers react to changes in cost.

Synonyms

flexibility resilience pliability suppleness adaptability springiness malleability

Antonyms

rigidity inflexibility stiffness brittleness hardness inelasticity firmness