Business / Finance / Elect: The degree of buyers' responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price. A large value (greater than 1) of elasticity indicates sensitivity of demand to price, e.g., luxury goods. Goods with a small value of elasticity (less than 1) have a demand that is insensitive to price, e.g., food.

Other Words for Elect

Elect Adjective Synonyms: select, choice, first-rate, first-class
Elect Verb Synonyms: chosen, elected, selected, picked out
Elect Noun Synonyms: choose, select, pick, vote (for), determine, designate

Electromagnetic Field

Technology / Cell Phones / Electromagnetic Field: An area containing electromagnetic energy (electromagnetic radiation). MORE


Science / Chemistry / Electrode: An electrically conducting surface that allows electrons to be transferred between reactants in an electrochemical cell. MORE

Electrical Erasable Programmable Read Only Memory (EEPROM)

Technology / Computers / Electrical Erasable Programmable Read Only Memory (EEPROM): Electrical Erasable Programmable Read Only Memory. This type of memory can be reprogrammed and erased electronically repeatedly by using a device programmer which provides an electric surge. This memo MORE