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Meaning of elasticity coefficient

Source language: EnglishDictionary language: English

elasticity

Pronunciation:/ɪ.læsˈtɪs.ɪ.ti/

noun

Definitions

  1. The property by virtue of which a material deformed under load can regain its original dimensions when unloaded

  2. The sensitivity of changes in a quantity with respect to changes in another quantity.

    Example: If the sales of an item drop by 5% when the price increases by 10%, its price elasticity is -0.5.

  3. A measure of the flexibility of a data store's data model and clustering capabilities.

  4. A system's ability to adapt to changes in workload by automatically provisioning and de-provisioning resources.