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  1. The linear momentum of its center of mass is constant. Its angular momentum about its center of mass is constant. Example: block resting on a table, hockey puck sliding across a frictionless surface with constant velocity, the rotating blades of a ceiling fan, the wheel of a bike traveling across a straight path at constant speed.

  2. The Arc elasticity recognizes the need to evaluate the elasticity at the midpoint. For example, the price (P) elasticity of quantity demanded (Q. d) as: % P. 2 ∆Q. ( d. Q % d1 Q ∆P d2. 2. where the ∆ is evaluated for the two points given.

  3. The modulus of elasticity (= Young’s modulus) E is a material property, that describes its stiffness and is therefore one of the most important properties of solid materials. Mechanical deformation puts energy into a material. The energy is stored elastically or dissipated plastically.

  4. We provide an overview of point elasticity and arc elasticity, and assess different approaches that can be found in contemporary principles texts in terms of their consistency with these two concepts. Keywords: Arc Elasticity, Point Elasticity. JEL classification: A22, B41, C00, D00.

  5. INTRODUCTION TO ELASTICITY. David Roylance Department of Materials Science and Engineering Massachusetts Institute of Technology Cambridge, MA 02139 January 21, 2000. Introduction.

  6. Springs. Hooke’s Law: The force exerted by a spring is proportional to the distance the spring is stretched or compressed from its relaxed position. X F = – k x Where x is the displacement from the relaxed position and k is the constant of proportionality. relaxed position. = –kx > 0.

  7. Elasticity refers to the ability of a material to be deformed somewhat, then return to its original state. Broadly speaking, we apply a stress (deforming force) to a body, which produces a strain (deformation).

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