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What does elasticity mean?

Looking for the meaning or definition of the word elasticity? Here's what it means.

Noun
  1. (physics) The property by virtue of which a material deformed under load can regain its original dimensions when unloaded
  2. (economics) The sensitivity of changes in a quantity with respect to changes in another quantity.
  3. The quality of being elastic.
  4. Adaptability.
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Examples
The peel will reduce fine lines and wrinkles, smooth the skin, reduce pore size, even skin tone and improve elasticity.
The oxygen and nutrient deficiencies caused by too much smoking result in premature lines on the skin and a loss of natural elasticity.
Two polymer models, the worm-like chain and the freely jointed chain, can be used to describe these sources of elasticity.
The special liposome complex improves its litheness and elasticity and visibly softens your skin.
Even branded goods are sometimes forced to rely on that elasticity of demand to boost flagging sales.
In this publication all elasticity maps are encoded in gray shades with logarithmically scaled Young's moduli.

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