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Originally Posted by bunko
"Elasticity is a measure of responsiveness. The responsiveness of behavior measured by variable Z to a change in environment variable Y is the change in Z observed in response to a change in Y. Specifically, this approximation is common:
elasticity = (percentage change in Z) / (percentage change in Y)
The smaller the percentage change in Y is practical, the better the measure is and the closer it is to the intended theoretically perfect measure."
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This is not the elasticity we are talking about. This definition is for the concept of elasticity in
Economics.
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Originally Posted by bunko
you are only talking about theoretical .. just give me one practical example?
well in my mind still gobs of questions arise ...
a interesting one :P
so why don't we use steel in our trousers  or make a world most expensive trouser by using Diamond ? |
You are still confusing elasticity with flexibility, ability to get stretched etc.
that is why you are seeing difference between theory and practice. go through the definition of elasticity again, It's nothing what you think it practically is.