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Definition. 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.
Volume, modulus of elasticity, distribution of forces, and yield strength affect the impact strength of a material. In order for a material or object to have a high impact strength, the stresses must be distributed evenly throughout the object. It also must have a large volume with a low modulus of elasticity and a high material yield strength. [7]
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 ...
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.
A good's price elasticity of demand ( , PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good (law of demand), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent ...
Most engineering materials show some nonlinear elastic and inelastic behavior under operating conditions that involve large loads. [citation needed] In such materials the assumptions of linear elastic fracture mechanics may not hold, that is, the plastic zone at a crack tip may have a size of the same order of magnitude as the crack size
Ramberg–Osgood relationship. The Ramberg–Osgood equation was created to describe the nonlinear relationship between stress and strain —that is, the stress–strain curve —in materials near their yield points. It is especially applicable to metals that harden with plastic deformation (see work hardening), showing a smooth elastic-plastic ...
Young's modulus (E) describes tensile and compressive elasticity, or the tendency of an object to deform along an axis when opposing forces are applied along that axis; it is defined as the ratio of tensile stress to tensile strain. It is often referred to simply as the elastic modulus.