Usually used to describe the flexibility of tangible materials, not abstract concepts or feelings. The elasticity of the new yoga mat was impressive.
Pro Tip 2/3
Non-permanent Change
Elasticity implies that after stretching or compression, the object should return to its original form. Foam's elasticity makes it perfect for cushions.
Pro Tip 3/3
Not Always Literal
Can be used metaphorically, to describe the adaptability of something non-physical, like a system. The business model's elasticity allows it to work in various markets.