Question

defination of elasticity​

Answer 1

Answer:

The property by virtue if which anything can be stretched to certain extent is known as elasticity.

Answer 2

Answer:

Your answer hope it helps:)

Explanation:

What Is Elasticity?

Elasticity is a measure of a variable's sensitivity to a change in another variable. In business and economics, elasticity refers the degree to which individuals, consumers or producers change their demand or the amount supplied in response to price or income changes. It is predominantly used to assess the change in consumer demand as a result of a change in a good or service's price.