elasticity
noun
elas·tic·i·ty
i-ˌla-ˈsti-sə-tē
ˌē-ˌla-,
-ˈti-stē
plural elasticities
1
: the quality or state of being elastic: such as
a
: the capability of a strained body to recover its size and shape after deformation : springiness
c
: the quality of being adaptable
2
: the responsiveness of a dependent economic variable to changes in influencing factors
elasticity of demand
price elasticity
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Merriam-Webster unabridged
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