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elastic Having an elasticity greater than one. For a price elasticity of demand, this means that expenditure rises as price falls. For an income elasticity it means that expenditure share rises with income, a superior good. Contrasts with inelastic and unit elastic. Elastic demand for either exports or imports is sufficient to satisfy the Marshall-Lerner condition.
Ãâó: www-personal.umich.edu/~alandear/glossary/e.html
elasticity A measure of responsiveness of one economic variable to another -- usually the responsiveness of quantity to price along a supply or demand curve -- comparing percentage changes (%D) or changes in logarithms (d ln). The arc elasticity of x with respect to y is e = %Dx/%Dy. The point elasticity is e = d lnx/d lny = (y/x)(dx/dy).
Ãâó: www-personal.umich.edu/~alandear/glossary/e.html
elastin A protein within our bodies that's similar to |collagen|. It's the main component of elastic fibers.
Ãâó: www.nutros.com/nsr-05zzz.html
elasticity capacity of muscle fibers to stretch and resume their normal length.
Ãâó: www.genethon.fr/php/layout.php
elastin fibers in the skin that give it elasticity.
Ãâó: www.magnoliaspa.com/beauty-secrets/beauty_terms/be...
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