Looking for the meaning of the word ELASTICITY in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of ELASTICITY with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Elasticity
Speech Type: Noun
ˌiːlaˈstɪsɪti
ˌɛlaˈstɪsɪti
the ability of an object or material to resume its normal shape after being stretched or compressed; stretchiness
Short Definition:ability of object or material to resume its normal shape after being stretched or compressed
Examples:- aging can decrease the elasticity of your skin
ability to change and adapt; adaptability.
Short Definition:ability to change and adapt
the degree to which a demand or supply is sensitive to changes in price or income
Short Definition:degree to which demand or supply is sensitive to changes
Examples:- the price elasticity of electricity demand
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