Sure! Let's break down the word "elasticity."
Elasticity (noun) refers to the ability of an object or material to return to its original shape after it has been stretched or compressed. Imagine a rubber band: when you stretch it and let it go, it goes back to its original shape. That’s elasticity!
You can use "elasticity" when talking about materials, like rubber or fabric, or in more abstract ways, like describing how flexible someone is in adapting to changes.
In economics, "elasticity" can also refer to the responsiveness of demand or supply to changes in price. For example, if the price of a product goes up and people buy less of it, we say the demand has "high elasticity."
While there are no specific idioms or phrasal verbs directly related to "elasticity," you might come across phrases like: - "Bend but not break": This means to be flexible or adaptable, similar to elasticity.
In summary, "elasticity" is about the ability to stretch and return to form. It can be used in both physical contexts, like materials, and more abstract contexts, like economics.