1. the ability of a material to return to its original shape after being stretched, compressed, or deformed
Usage: physics; materials science
2. the quality of being able to adapt or change easily in response to different conditions
3. the degree to which demand or supply responds to changes in price or other economic factors
Usage: economics

Examples

• The rubber band’s elasticity allowed it to stretch and snap back to its original size.
• Engineers test the elasticity of building materials to ensure they can withstand stress.
• The coach praised the team’s elasticity in adapting to different game strategies.
• Price elasticity of demand shows how consumer purchases change when prices rise or fall.
• The elasticity of the job market depends on workers’ ability to retrain for new positions.
• Skin loses its elasticity as people age, leading to wrinkles and sagging.