What is the meaning of Elasticity?

Elasticity refers to the economic concept of the ability or comparative ease to adjust supply or demand within a changing economy.

Barry Goldsmith
3
 
|15 years ago|797 views|share |citing 
APABarry Goldsmith. (2010). elasticity. Retrieved September 21, 2026, from http://smartdefine.org/elasticity/definitions/1152817
ChicagoBarry Goldsmith. 2010. "elasticity" http://smartdefine.org/elasticity/definitions/1152817 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, elasticity, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/elasticity/definitions/1152817>.
MLABarry Goldsmith. "elasticity" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/elasticity/definitions/1152817>
{ class="autoclick" }next definition (/)