ELAST Education Abbreviation

ELAST has various meanings in the Education category. Discover the full forms, definitions, and usage contexts of ELAST in Education.

Elastic

Most Common

Having an elasticity greater than one. For a price elasticity of demand, this means that expenditure rises as price falls. For an income elasticity it means that expenditure share rises with income, a superior good. Contrasts with inelastic and unit elastic. Elastic demand for either exports or imports is sufficient to satisfy the Marshall-Lerner condition.

Education

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