2007-01-30 08:51:49 · 3 answers · asked by chocoholic23511 3 in Education & Reference ➔ Homework Help
Hi Chocoholic,
Go to: Wikipedia, the free encyclopedia, then click on the one you want the meaning of.
Hope this helps you
Elasticity may refer to:
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
Arc elasticity
Beta coefficient
Yield elasticity of bond value
Elasticity (mathematics), a mathematical definition of point elasticity.
Elasticity (physics), continuum mechanics of bodies which deform reversibly under stress.
Elasticity, a comic book super power.
2007-01-30 09:03:00 · answer #1 · answered by Judy M 4 · 0⤊ 0⤋
Elasticity is the concept in economics that measures the responsiveness of one variable in response to another variable. The best measure of this responsiveness is the proportional or percent change in the variables. This gives the most usable results for any type or range of data. Thus elasticity is the proportional (or percent) change in one variable relative to the proportional change in another variable.
The general formula for elasticity is:
E = percent change in x / percent change in y
2007-01-30 09:05:49 · answer #2 · answered by Martha P 7 · 0⤊ 0⤋
strechiness like how strechy something can be or is
2007-01-30 08:56:32 · answer #3 · answered by hmmm...interesting 3 · 0⤊ 1⤋