elasticity
/ˌiːlæˈstɪsəti/noun
उच्चारण ईलैस्टिसटी
लचीलापन, प्रत्यास्थता
Advanced word
noun
- 1
[U]
the quality that something has of being able to stretch and then return to its original size and shape
लचीलापन, प्रत्यास्थता
- The skin loses its elasticity with age.
- Rubber is valued for its elasticity.
Synonyms stretchiness flexibility springiness
- 2
[U] technical
(in economics) the degree to which the demand for or supply of something changes when its price or another factor changes
लोच (माँग या पूर्ति की)
- The price elasticity of demand for salt is very low.
- Luxury goods usually show high elasticity of demand.
◇Word family
elastic adjective
≈Synonyms and antonyms
✓In the exam
General knowledge
When demand hardly changes after a price change, as with salt or life-saving medicines, it is called inelastic demand.
जब कीमत बदलने पर भी माँग लगभग नहीं बदलती, जैसे नमक या जीवन-रक्षक दवाओं में, तो उसे inelastic demand (बेलोचदार माँग) कहते हैं।