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.
 Cite this definition
'elasticity
' appears in the definitions of these terms on BusinessDictionary.com elasticity of supply, cross-elasticity of demand, elasticity of demand, elasticity of substitution, elastic supply, and 
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