Elasticity
Elasticity has meanings in two different fields:
In economics, elasticity is the proportional change in one variable relative to the proportion change in another variable. The concept of elasticity can be used whenever there is a cause and effect relationship. The causal variable is often called the independent variable, while the effected variable is called the dependent variable.
In physics and mechanical engineering, the theory of elasticitydescribes how a solid object moves and deforms in response to external stress. An alternative meaning of elasticity is a property of an object: it undergoes elastic deformation in response to stress.
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