elasticity

The ability of something to stretch or bend and then return to its usual shape.

• This fabric has plenty of elasticity.
• Skin loses some elasticity as people get older.
• We tested the elasticity of the rubber bands.

Similar words: springiness, stretchiness

Opposites: inelasticity

Common phrases: skin elasticity, fabric elasticity, lose elasticity, material elasticity

How much one amount changes when another amount changes, especially demand when prices change.

• The economist calculated the price elasticity of demand.
• Demand elasticity varies between different types of goods.
• A higher income elasticity means spending responds more strongly to income changes.

How to use it: elasticity of something (The study measured the elasticity of demand for petrol.)

Similar words: responsiveness, sensitivity

Opposites: inelasticity

Common phrases: price elasticity, elasticity of demand, income elasticity

The ability to adjust easily to changes or difficult situations.

• Her mental elasticity helped her adjust to the new role.
• The plan allows some elasticity when circumstances change.
• He showed remarkable elasticity of spirit after the setback.

Similar words: adaptability, flexibility, resilience

Opposites: rigidity, inflexibility

Common phrases: mental elasticity, elasticity of mind, emotional elasticity