adj.

1. 1. Easily resuming original shape after being stretched or expanded; flexible. See synonyms at flexible.
   2. Springy; rebounding.
2. Physics. Returning to or capable of returning to an initial form or state after deformation.
3. Quick to recover, as from disappointment: an elastic spirit.
4. Capable of adapting to change or a variety of circumstances.

n.

1. 1. A flexible stretchable fabric made with interwoven strands of rubber or an imitative synthetic fiber.
   2. An object made of this fabric.
2. A rubber band.

[New Latin elasticus, from Late Greek elastos, beaten, ductile, variant of Greek elatos, from elaunein, to beat out.]

elastically e·las'ti·cal·ly adv.

A situation in which the supply and demand for a good or service can vary significantly due to the price. The elasticity of a good or service can vary according to the amount of close substitutes, its relative cost and the amount of time that has elapsed since the price change occurred.

Investopedia Says:
Companies that operate in very fierce and competitive industries provide goods or services that are very elastic because these companies tend to be price takers. For example, the airline industry is very elastic because all airlines offer a very similar service (getting passengers from point A to point B). For the most part, an airline company can't have prices that are significantly different from those of its competitors because this can result a huge loss of business to competitors.

Related Links:
From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone. Macroeconomic Analysis
Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more! Economics Basics

adjective

1. Capable of withstanding stress without injury: flexible, flexile, resilient, springy, supple. Physics plastic. See flexible/rigid.
2. Capable of adapting or being adapted: adaptable, adaptive, adjustable, flexible, malleable, pliable, pliant, supple. See change/persist.
3. Easily altered or influenced: ductile, flexible, flexile, impressionable, malleable, plastic, pliable, pliant, suggestible, supple. See flexible/rigid.

adj

Definition: adaptable, tolerant
Antonyms: difficult, inadaptable, inflexible, intolerant, ungiving

adj

Definition: pliant, rubbery
Antonyms: inelastic, inflexible, rigid, stiff, tense, unyielding

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adj

Referring to property of a solid substance that permits recovery of its shape after a deformation resulting from force application.

Descriptive of a material having the property of elasticity.

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Applied to a material which regains its original shape on removal of a distorting force. Compare plastic.

Capable of resuming normal shape after distortion.

• e. bands — used in orthodontics as a means of moving teeth.
• e. modulus — the constant or scale factor which defines quantitatively the relationship between the deformation of the vascular wall (or other elastic medium) and the deforming force.
• e. ring castration — see elastrator.
• e. tissue — connective tissue made up of yellow elastic fibers, frequently massed into sheets.

IN BRIEF: Able to spring back into shape or position after being stretched or squeezed; springy.

Our science teacher used a bungee cord to demonstrate the properties of an elastic substance.

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

Dansk (Danish)
adj. - elastisk, fleksibel, spændstig, ukuelig
n. - elastik, elastisk stof

idioms:

• elastic band    gummibånd

Nederlands (Dutch)
elastiek, elastisch

Français (French)
adj. - (lit, fig) élastique
n. - élastique

idioms:

• elastic band    élastique, caoutchouc

Deutsch (German)
n. - Gummiband
adj. - elastisch

idioms:

• elastic band    Gummiband

Ελληνική (Greek)
n. - ελαστικό, λάστιχο
adj. - ελαστικός, εύκαμπτος

idioms:

• elastic band    λαστιχάκι

Italiano (Italian)
elastico

idioms:

• be elastic    essere elastico
• elastic band    elastico

Português (Portuguese)
n. - elástico (m)
adj. - elástico, flexível

idioms:

• be elastic    ser flexível, recuperar-se facilmente
• elastic band    tira (f) de elástico

Русский (Russian)
резинка, эластичный, упругий, неунывающий

idioms:

• be elastic    быть упругим
• elastic band    резинка

Español (Spanish)
adj. - elástico, flexible
n. - elástico

idioms:

• elastic band    goma elástica, gomita

Svenska (Swedish)
n. - resårband, gummisnodd, (pl.) strumpeband
adj. - elastisk, tänjbar, gummi-

中文（简体） (Chinese (Simplified))
有弹性的, 可通融的, 能伸缩的, 松紧带, 橡皮筋

idioms:

• elastic band    松紧带

中文（繁體） (Chinese (Traditional))
adj. - 有彈性的, 可通融的, 能伸縮的
n. - 鬆緊帶, 橡皮筋

idioms:

• elastic band    鬆緊帶

한국어 (Korean)
adj. - 탄성의, 활달한, 융통성 있는
n. - 고무끈

日本語 (Japanese)
adj. - 弾力のある, 融通の利く, すぐ元気になれる, 弾力性のある, 伸縮性のある, しなやかな, 融通性のある, 屈託のない, 快活な
n. - ゴムひも, 輪ゴム, ゴム入り生地, ゴム紐

idioms:

• be elastic    しなやかな
• elastic band    輪ゴム

العربيه (Arabic)
‏(الاسم) مطاط (صفه) مرن, مطاط‏

עברית (Hebrew)
adj. - ‮גמיש, אלסטי, קפיצי, מתיח‬
n. - ‮קפיץ, חומר גמיש, גומי‬

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