ELASTICITY

noun
15 Scrabble
16 WWF
E 1
L 1
A 1
S 1
T 1
I 1
C 3
I 1
T 1
Y 4

Definition

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

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

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