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From Longman Dictionary of Contemporary Englishelasticitye‧las‧tic‧i‧ty /ˌiːlæˈstɪsəti/ noun [uncountable]  1 the ability of something to stretch and go back to its usual length or size the skin’s natural elasticity2 elasticity of demand
Examples from the Corpus
elasticityProducers 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.
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