(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

Synonym of hair tie

Of footwear, having pieces of elastic set into the ankles on both sides.

(economics) an economic metric that measures the responsiveness of a quantity supplied of a good to a change in its price, calculated as the percent change in supply over the percent change in price.

(economics) an economic metric that measures the responsiveness of the quantity demanded for a good to a change in the price of another good