- 1the quality that something has of being able to stretch and return to its original size and shape (= of being elastic) As you get older, the skin loses its natural elasticity.
- 2elasticity of supply/demand (economics) the degree to which the supply of or demand for a product or service changes when the price changes
elasticity
nounNAmE//ɪˌlæˈstɪsət̮i//, NAmE//ˌilæˈstɪsət̮i//
[uncountable]Check pronunciation: elasticity