elastic

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Related to Elasticity of demand: Elasticity of supply, Income elasticity of demand

elastic

 [e-las´tik]
capable of resuming normal shape after distortion.

e·las·tic

(ē-las'tik),
1. Having the property of returning to the original shape after being stretched, compressed, bent, or otherwise distorted.
2. A rubber or plastic band used in orthodontics as either a primary or adjunctive source of force to move teeth. The term is generally modified by an adjective to describe the direction of the force or the location of the terminal connecting points.
[G. elastreō, epic form of elaunō, drive, push]

e·las·tic

(ĕ-las'tik)
1. Having the property of returning to the original shape after being compressed, bent, or otherwise distorted.
2. A rubber or plastic band used in orthodontics as either a primary or adjunctive source of force to move teeth. The term is generally modified by an adjective to describe the direction of the force or the location of the terminal connecting points.
[G. elastreō, epic form of elaunō, drive, push]

e·las·tic

(ĕ-las'tik)
1. Rubber or plastic band used in orthodontics as either a primary or adjunctive source of force to move teeth.
2. Having the property of returning to original shape after being stretched, compressed, bent, or otherwise distorted.
[G. elastreō, epic form of elaunō, drive, push]
References in periodicals archive ?
Applying the own-price elasticity of demand for naloxone (-0.27) to the observed out-of-pocket price increases associated with OTC product conversions in Maryland (2 percent to 233 percent), (24) and the estimated demand increases for nicotine patches and gum (78 percent and 180 percent, respectively), (16) we predict an increase in naloxone sales of 15 percent to 77 percent using the estimated demand increase for nicotine patches, and 117 to 179 percent using the estimate for nicotine gum (Table 3, Figure 1).
(3) Ringel (2002) reviews the literature on the elasticity of demand for medical care and finds that estimates center around -.17, close to the famous RAND Health Insurance Experiment estimate.
The elasticity of demand for health care; A review of the literature and its application to the military health system.
The first explores the relationship between the optimal fare scheme and price elasticity of demand.
Whether this increases total revenue, however, will depend on the price elasticity of demand for scratch-off tickets.
Recall that [delta] is the income elasticity of demand from Equation (1).
Using geographically scaled data for season ticket demand in Major League Baseball, Hakes and Hutmaker (2011) estimated the price elasticity of demand for season ticket packages to be larger in magnitude than those in the previous studies.
When the price elasticity of demand reaches one, revenues from jasmine past exports are maximized.
Namely, a lower elasticity of demand has two implications for the consumption of oil.
Acording to Romero (2007), the estimated coefficients of price elasticity of demand were found to be lowest (0.
The stability or convergent type of market is determined when the elasticity of demand is greater than elasticity of supply, and is also known as Marshallian stable equilibrium.