Changes

Since a price increase generally leads to a decrease in quantity demanded, elasticity is generally expressed as an absolute value; price-elasticity of demand is understood to be negative.

Since a price increase generally leads to a decrease in quantity demanded, elasticity is generally expressed as an absolute value; price-elasticity of demand is understood to be negative.

When two points are of interest, the [[Arc elasticity of demand|arc elasticity}} is used, rather than both point elasticities.

When two points are of interest, the [[Arc elasticity of demand|arc elasticity]] is used, rather than both point elasticities.

Elasticity may also refer to the stretchiness of a particular object, such as a [[rubber band]].

Elasticity may also refer to the stretchiness of a particular object, such as a [[rubber band]].