This concept is known as elasticity of supply. It is important for consumers who need a product and are concerned with potential scarcity. Real-World Examples of Elastic Goods Typically ...

An elastic object, such as a spring ... If a spring is stretched too much, for example, it will not return to its original length when the load is removed. The spring constant, k, is different ...

When an elastic object is stretched beyond its elastic limit, the object does not return to its original length or shape when the force is removed. Once a material has gone past its elastic limit ...