elasticity Definition

elasticity

Definition

The degree to which a price change for an item results from a unit change in supply (called supply elasticity) or a unit change in demand (called demand elasticity). opposite of inelasticity.

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Related Terms

elastic -

Mentioned in these terms

bond price elasticity

elasticity of an option

option elasticity

Related Terms on BusinessDictionary

elasticity of supply
cross-elasticity of demand
elasticity of demand
elasticity of substitution
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income sensitivity of demand
inferior good
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modulus of elasticity
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price demand elasticity
price elasticity of demand
price elasticity of supply
rigidity
cross-price elasticity of demand
elastic
elastic demand
elasticity of technical substitution
elastic supply

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