In economics, elasticity is the proportional change in one variable relative to the proportion change in another variable. The concept of elasticity can be used whenever there is a cause and effect relationship. The causal variable is often called the independent variable, while the effected variable is called the dependent variable.
Note: in economics, an inelastic relationship implies that the relationship is still proportional, but with a low constant of proportionality (e.g., price inelasticity). However, in physics, inelastic material (or inelastic collisions) do not obey the theory of elasticity: there is no constant of proportionality. In physics, a material with a high elastic modulus is still technically called elastic.
Elastic residence is a gallery space for projects and durational performance.
Elastic Residence is an independent, artist-run project space that provides exhibition opportunities and support for artists outside the confines of a commercial or institutional framework.
Elastic does not receive any core funding for it’s exhibition programme, therefore, the cost of making and presenting the work must be met by the artist/curator, as do some of the exhibition expenses.
The elasticity of a solid is inversely proportional to the strength of the material.
The word elastic is often used colloquially to refer to an elastomeric material such as rubber or cloth/rubber combinations.
In that case, when a large flexibility is needed for a large surface, a folding wall is an alternative connections between railroad cars and in articulated buses, and in an accordion.
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