what is elasticity?????????
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Elasticity is a measure of a variable's sensitivity to a change in another variable, most commonly this sensitivity is the change in price relative to changes in other factors. ... It is predominantly used to assess the change in consumer demand as a result of a change in a good or service's price.
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What is elasticity?
The ability of an object or material to resume it ' s normal shape after being stretched or compressed is called elasticity .
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Other references / -
- Elasticity is ability of a deformed material body to return to its original shape and size when the forces causing the deformation are removed .
- A body with this ability is said to behave ( or respond ) elastically .
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