elasticity

Word family

e·las·tic·i·ty /ˌiːlæˈstɪsəti/ noun [uncountableU]

1 the ability of something to stretch and go back to its usual length or size 弹性，弹力

the skin’s natural elasticity

皮肤天生的弹性

2. elasticity of demand technical the degree to which a change in the price of something leads to a change in the amount of it that is sold 需求弹性〔指价格变动导致需求量变化的程度〕

Examples from the Corpus

elasticity of demand• Certainly, there is a high elasticity of demand at the fish market where our Chef Troy shops.• The effect is similar to a change in income and depends upon the income elasticity of demand.• The relationship between quantity demanded of a commodity and its price is normally measured by the price elasticity of demand.• As in other cases, the deadweight welfare loss depends on the price elasticity of demand.• Price elasticity of demand measures the responsiveness of quantity demanded of a good to a change in the price of that good.• In calculating the size of deadweight burden triangles under monopoly, different economists have used different estimates of the elasticity of demand.• As usual, marginal revenue equals the price times one minus one over the elasticity of demand.• If preferences are of the S-D-S type, the elasticity of demand is a given constant.

Examples from the Corpus

elasticity• Producers must ask themselves about elasticity whenever they consider changing the prices of their goods.• But since economies do not have fingers or feet, what can economic elasticity mean?• However within sample it is important to examine the implied elasticity to see whether the estimated coefficients give rise to plausible effects.• Analogues of these elastic relations apply for viscoelastic materials as for the case of isotropic elasticity considered before.• With age, the skin's inner layer loses its elasticity.• The relationship between quantity demanded of a commodity and its price is normally measured by the price elasticity of demand.• The curve has slope which may be re-arranged substitution: using the definition of the elasticity of substitution:.• The inclusion of Silk Protein helps maintain the natural water balance to protect, condition and restore the elasticity of hair.

e·las·tic·i·ty noun

Chinese

Syllable

Corpus

TOEFL BNC: 10700 COCA: 14233

elasticity

Physical forces and processes: absorbance, air resistance, amplitude...

Changes: effect, change, trend...

Describing or relating to economies and economic systems: aggregate, ailing, antigrowth...

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