plural of elastic limit

plural of semi-elasticity

(economics) Of a good or service: such that consumer demand increases in line with the amount of money that consumers have available to spend.

(obsolete) latex; india rubber

(mathematics) The ratio of the relative change in a function's output with respect to the relative change in its input, for infinitesimal changes at a certain point.

plural of elastic collision

(chemistry) A coefficient that describes the degree to which factors like temperature and pH affect the rate of a chemical reaction

(mathematics) the point elasticity of one variable with respect to another between two given points

A situation in which firms are able and willing to supply any quantity of a good or service at the going price, i.e., the supply is infinite.

(economics) An economic metric designed to measure how sensitive quantity demanded is to a change in the price of a good/service.