elasticitets
Elasticitets is a term used across disciplines to describe two related ideas: the ability of a system to return to its original state after a disturbance, and the degree to which one variable changes in response to a change in another variable. In practice, elasticity is quantified as a relative or percentage change.
In materials science, elasticity refers to the reversible deformation of an object under load. Within the elastic
In economics, elasticity measures responsiveness of one variable to another. The price elasticity of demand, for
Elasticitets has practical applications in engineering design, pricing strategies, economic policy, and market analysis. Its interpretation