Elasticity (弹性 tánxìng) refers to the responsiveness of one variable to a change in another variable. It is usually shown as the percentage change in a factor in response to a 1% change in another.
- 弹性 (tánxìng) as in elasticity of demand (需求弹性 xūqiú tánxìng) or fabric elasticity (面料弹性 miànliào tánxìng).
Elasticity (弹性 tánxìng) word examples:
- Price elasticity of demand (需求价格弹性 xūqiú jiàgé tánxìng).
- Cross elasticity of demand (需求交叉弹性 xūqiú jiāochā tánxìng).
- Income elasticity of demand (需求收入弹性 xūqiú shōurù tánxìng).