Pin It. View Slideshow Â»Â». Fun in the sun! Celebrity trainer Jillian Michaels and her partner Heidi Rhoades hit the beach with their two children â daughter Lukensia, 3, and 18-month-old son Phoenix â in Miami, Florida on Tuesday (November 12).
Elasticity is the ratio of the % change in quantity to the % change in price. So if the two are identical, than it is said to be unitary elastic. If quantity changes more than price, then it is said to be elastic. If the quantity changes less than price, then it is said to be inelastic.
Elastic is a word often used to describe or identify certain types of elastomer and/or stretchable fabrics. 1  It may also refer to: 2  Elastic collision, a collision where kinetic energy is conserved. 3  Elastic deformation, a reversible deformation of a material. 4  Elasticity (economics), the responsiveness of demand or supply.