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The price elasticity of supply (PES or Es) is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price. Price elasticity of supply, in application, is the percentage change of the quantity supplied resulting from a 1% change in price.
e. 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 ...
Deformation (engineering) Compressive stress results in deformation which shortens the object but also expands it outwards. In engineering, deformation (the change in size or shape of an object) may be elastic or plastic. If the deformation is negligible, the object is said to be rigid.
Elastic properties describe the reversible deformation (elastic response) of a material to an applied stress. They are a subset of the material properties that provide a quantitative description of the characteristics of a material, like its strength. Material properties are most often characterized by a set of numerical parameters called moduli.
A "cage" of reinforcing steel. Concrete is used extremely widely in building and civil engineering structures, due to its low cost, flexibility, durability, and high strength. It also has high resistance to fire. Concrete is a non-linear, non-elastic and brittle material. It is strong in compression and very weak in tension.
Young's modulus is the slope of the linear part of the stress–strain curvefor a material under tension or compression. Young's modulus(or Young modulus) is a mechanical property of solid materials that measures the tensile or compressive stiffnesswhen the force is applied lengthwise. It is the modulus of elasticityfor tensionor axial compression.
Elasticity is the measure of the sensitivity of one variable to another. [ 10 ] A highly elastic variable will respond more dramatically to changes in the variable it is dependent on. The x-elasticity of y measures the fractional response of y to a fraction change in x, which can be written as. x-elasticity of y:
The load is released smoothly and the material relieves some of its strain by decreasing in length. The decrease in length is called the elastic recovery, and the result is a work-hardened steel bar. The fraction of length recovered (length recovered/original length) is equal to the yield-stress divided by the modulus of elasticity.