e‧las‧tic‧i‧ty /ˌiːlæˈstɪsəti, ˌiːlæˈstɪsɪti/ noun [uncountable]

1. the ability of something to stretch and go back to its usual length or size:
the skin’s natural elasticity

2. elasticity of demand technical the degree to which a change in the price of something leads to a change in the amount of it that is sold

[TahlilGaran] Dictionary of Contemporary English ▲