elasticities
Measures of responsiveness
Elasticities is the plural of elasticity, which refers to the ability to stretch and return to original form, or more abstractly, flexibility and adaptability.
In economics, elasticity measures how much one variable responds to changes in another—most commonly how demand changes when price changes.
Price elasticities vary widely across products.
The elasticities of supply and demand determine market outcomes.
Capacity to elongate
- springinessCapacity for elastic recovery
- resilienceCapacity to recover quickly
- pliabilityAbility to bend easily
- supplenessCapacity to bend easily
give · bounce · recoil · snapback · rebound · rubberiness · extensibility · compressibility
Demand's reaction to cost
- demand curveGraph of price versus quantity
- supply curvePrice-quantity relationship for producers
- substitutesReplacements for originals
- complementsThings that enhance together
luxury goods · necessities · total revenue · consumer behavior
Material response relationship
- tensile strengthResistance to pulling force
- deformationChange in shape
- plastic deformationLasting material distortion under stress
- compressionForcing into smaller space
stretchability
Capacity to elongate
- springinessCapacity for elastic recovery
- resilienceCapacity to recover quickly
- pliabilityAbility to bend easily
suppleness · give · bounce · recoil · snapback · rebound · rubberiness · extensibility · compressibility · recovery
price sensitivity
Demand's reaction to cost
- demand curveGraph of price versus quantity
- supply curvePrice-quantity relationship for producers
- substitutesReplacements for originals
complements · luxury goods · necessities · total revenue · consumer behavior
stress-strain
Material response relationship
- tensile strengthResistance to pulling force
- deformationChange in shape
- plastic deformationLasting material distortion under stress
compression · rigidity · spring constant · load-bearing · resilience
- Model Diagnosticsresiduals, diagnostics, leverage
elasticitiesrigidities
Qualities of being unyielding
stiffnesses · inflexibilities · rigidity · inelasticity · brittleness
elasticitiesrigidities
Qualities of being unyielding
inflexibilities · fixities · fixedness · intolerances · constancies
elastic, elasticity, elastics, inelastic, elasticated, elastically, nonelastic, inelasticity