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In economics, the price elasticity of demand refers to the elasticity of a demand function Q(P), and can be expressed as (dQ/dP)/(Q(P)/P) or the ratio of the value of the marginal function (dQ/dP) to the value of the average function (Q(P)/P). This relationship provides an easy way of determining whether a demand curve is elastic or inelastic ...
In physics and materials science, elasticity is the ability of a body to resist a distorting influence and to return to its original size and shape when that influence or force is removed. Solid objects will deform when adequate loads are applied to them; if the material is elastic, the object will return to its initial shape and size after ...
Elasticity theory primarily develops formalisms for the mechanics of solid bodies and materials. [1] (Note however, the work done by a stretched rubber band is not an example of elastic energy. [citation needed] It is an example of entropic elasticity.) The elastic potential energy equation is used in calculations of positions of mechanical ...
The bulk modulus (K) describes volumetric elasticity, or the tendency of an object to deform in all directions when uniformly loaded in all directions; it is defined as volumetric stress over volumetric strain, and is the inverse of compressibility. The bulk modulus is an extension of Young's modulus to three dimensions.
In physics, the coefficient of restitution (COR, also denoted by e), can be thought of as a measure of the elasticity of a collision between two bodies. It is a dimensionless parameter defined as the ratio of the relative velocity of separation after a two-body collision to the relative velocity of approach before collision.
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Expressed in terms of components with respect to a rectangular Cartesian coordinate system, the governing equations of linear elasticity are: [1]. Equation of motion: , + = where the (), subscript is a shorthand for () / and indicates /, = is the Cauchy stress tensor, is the body force density, is the mass density, and is the displacement.
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