Meaning of elasticity | Babel Free

Definitions

1. The property by virtue of which a material deformed under load can regain its original dimensions when unloaded
   countable, uncountable
2. The sensitivity of changes in a quantity with respect to changes in another quantity.
   countable, uncountable
3. A measure of the flexibility of a data store's data model and clustering capabilities.
   countable, uncountable
4. A system's ability to adapt to changes in workload by automatically provisioning and de-provisioning resources.
   countable, uncountable
5. The ratio of the relative change in a function's output with respect to the relative change in its input, for infinitesimal changes at a certain point.
   countable, uncountable
6. The quality of being elastic.
   countable, uncountable
7. Adaptability.
   countable, uncountable

Equivalents

Examples

“If the sales of an item drop by 5% when the price increases by 10%, its price elasticity is −0.5.”

“Given elasticity of demand, there is a strong argument that filling the millions of empty seats through lower fares could actually increase revenue.”

“Her elasticity allowed her to recover quickly.”

“"I'll have a try at it, Gladys, if you will only give me an idea what would please you." She laughed at the elasticity of my character.”

CEFR level