Price elasticity of demandA good's price elasticity of demand (, PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent increase in price, holding everything else constant. If the elasticity is −2, that means a one percent price rise leads to a two percent decline in quantity demanded.
Stress–energy tensorThe stress–energy tensor, sometimes called the stress–energy–momentum tensor or the energy–momentum tensor, is a tensor physical quantity that describes the density and flux of energy and momentum in spacetime, generalizing the stress tensor of Newtonian physics. It is an attribute of matter, radiation, and non-gravitational force fields. This density and flux of energy and momentum are the sources of the gravitational field in the Einstein field equations of general relativity, just as mass density is the source of such a field in Newtonian gravity.
Shear stressShear stress (often denoted by τ (Greek: tau)) is the component of stress coplanar with a material cross section. It arises from the shear force, the component of force vector parallel to the material cross section. Normal stress, on the other hand, arises from the force vector component perpendicular to the material cross section on which it acts. The formula to calculate average shear stress is force per unit area.: where: τ = the shear stress; F = the force applied; A = the cross-sectional area of material with area parallel to the applied force vector.
Elasticity (economics)In economics, elasticity measures the responsiveness of one economic variable to a change in another. If the price elasticity of the demand of something is -2, a 10% increase in price causes the quantity demanded to fall by 20%. Elasticity in economics provides an understanding of changes in the behavior of the buyers and sellers with price changes. There are two types of elasticity for demand and supply, one is inelastic demand and supply and other one is elastic demand and supply.
Strain rateIn materials science, strain rate is the change in strain (deformation) of a material with respect to time. The strain rate at some point within the material measures the rate at which the distances of adjacent parcels of the material change with time in the neighborhood of that point. It comprises both the rate at which the material is expanding or shrinking (expansion rate), and also the rate at which it is being deformed by progressive shearing without changing its volume (shear rate).
Moment of inertiaThe moment of inertia, otherwise known as the mass moment of inertia, angular mass, second moment of mass, or most accurately, rotational inertia, of a rigid body is a quantity that determines the torque needed for a desired angular acceleration about a rotational axis, akin to how mass determines the force needed for a desired acceleration. It depends on the body's mass distribution and the axis chosen, with larger moments requiring more torque to change the body's rate of rotation.
Price elasticity of supplyThe price elasticity of supply (PES or Es) is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price. Price elasticity of supply, in application, is the percentage change of the quantity supplied resulting from a 1% change in price. Alternatively, PES is the percentage change in the quantity supplied divided by the percentage change in price. When PES is less than one, the supply of the good can be described as inelastic.
Physical constantA physical constant, sometimes fundamental physical constant or universal constant, is a physical quantity that is generally believed to be both universal in nature and have constant value in time. It is distinct from a mathematical constant, which has a fixed numerical value, but does not directly involve any physical measurement. There are many physical constants in science, some of the most widely recognized being the speed of light in vacuum c, the gravitational constant G, the Planck constant h, the electric constant ε0, and the elementary charge e.
Maxwell stress tensorThe Maxwell stress tensor (named after James Clerk Maxwell) is a symmetric second-order tensor used in classical electromagnetism to represent the interaction between electromagnetic forces and mechanical momentum. In simple situations, such as a point charge moving freely in a homogeneous magnetic field, it is easy to calculate the forces on the charge from the Lorentz force law. When the situation becomes more complicated, this ordinary procedure can become impractically difficult, with equations spanning multiple lines.
Impulse excitation techniqueThe impulse excitation technique (IET) is a non-destructive material characterization technique to determine the elastic properties and internal friction of a material of interest. It measures the resonant frequencies in order to calculate the Young's modulus, shear modulus, Poisson's ratio and internal friction of predefined shapes like rectangular bars, cylindrical rods and disc shaped samples. The measurements can be performed at room temperature or at elevated temperatures (up to 1700 °C) under different atmospheres.
Electromagnetic stress–energy tensorIn relativistic physics, the electromagnetic stress–energy tensor is the contribution to the stress–energy tensor due to the electromagnetic field. The stress–energy tensor describes the flow of energy and momentum in spacetime. The electromagnetic stress–energy tensor contains the negative of the classical Maxwell stress tensor that governs the electromagnetic interactions. In free space and flat space–time, the electromagnetic stress–energy tensor in SI units is where is the electromagnetic tensor and where is the Minkowski metric tensor of metric signature (− + + +).
Simple shearSimple shear is a deformation in which parallel planes in a material remain parallel and maintain a constant distance, while translating relative to each other. In fluid mechanics, simple shear is a special case of deformation where only one component of velocity vectors has a non-zero value: And the gradient of velocity is constant and perpendicular to the velocity itself: where is the shear rate and: The displacement gradient tensor Γ for this deformation has only one nonzero term: Simple shear with the rate is the combination of pure shear strain with the rate of 1/2 and rotation with the rate of 1/2: The mathematical model representing simple shear is a shear mapping restricted to the physical limits.
