Elasticity laws; why these are different?
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The elastic limit is in principle differentfrom the proportional limit, which marks theend of the kind of elastic behaviour that can be described by Hooke's law, namely, that in which the stress is proportional to thestrain (relative deformation) or equivalently that in which the load is proportional to the...
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In economics, the demand elasticity (elasticity of demand) refers to how sensitive the demand for a good is to changes in other economic variables, such as prices and consumer income. Demand elasticity is calculated as the percent change in the quantity demanded divided by a ...
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