Definition
Capable of sustaining pressure (stress) by bending, contracting, or stretching but without being permanently deformed. See also elasticity and elastic limit.
Questions related to 'elastic'
- What is the meaning of Elasticity of Demand
- What are specific examples of services (not goods) that exhibit elasticity of demand?
- Why is necessary for a marketing manager to understand the principles of supply and demand and price elasticity of demand?
- an example of unitary elasticity
- Suppose for market of wheat the supply and demand equations in year
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