elastic
adj.adj. describing something that can change easily when conditions change. In business or science, it means that if you change one thing, like the price, another thing will change a lot in response.
adj. describing a variable that responds significantly to changes in another variable, such as price or income. Often used to describe demand or supply that fluctuates based on market conditions.
The demand for luxury cars is very elastic.
Because there are many similar brands available, the demand for this specific cereal is highly elastic.
Economists noted that while the demand for gasoline is relatively inelastic in the short term, it becomes more elastic as consumers eventually switch to more fuel-efficient vehicles.
From French élastique, from New Latin elasticus (“elastic”), from Ancient Greek ἐλαστός (elastós), alternative form of ἐλατός (elatós, “ductile”) (cf. ἐλατήρ (elatḗr, “a driver, hurler”)), from ἐλαύνω (elaúnō, “to drive, set in motion, push, strike, beat out”).
Typically placed before the noun it modifies or after a linking verb.