elasticities

Variant of elasticity

noun pl. elasticities

  1. the quality or condition of being elastic; specif.,
    1. springiness; flexibility; resilience
    2. buoyancy of spirit
    3. adaptability
  2. Econ. the degree to which the demand for, or supply of, particular goods or services responds to a change in price
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
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