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English definition of “elasticity”

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elasticity

noun [U]
 
 
/ˌɪlæsˈtɪsəti/
ECONOMICS the ability of something, such as the number of products sold, to change in relation to something else, such as the product's price: This chart shows the relationship between the elasticity and the optimal monopoly price for Windows.
Translations of “elasticity”
in Chinese (Traditional) 彈性, 彈力, 靈活性…
in Chinese (Simplified) 弹性, 弹力, 灵活性…
(Definition of elasticity from the Cambridge Business English Dictionary © Cambridge University Press)
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