Topics: Economics and Personal Finances, Socioeconomic Class. 1  Richard Fry is a senior researcher focusing on economics and education at Pew Research Center. 2  Rakesh Kochhar is an associate director of research at Pew Research Center.
Behavior (American English) or behaviour (Commonwealth English) is the range of actions and mannerisms made by individuals, organisms, systems, or artificial entities in conjunction with themselves or their environment, which includes the other systems or organisms around as well as the (inanimate) physical environment.
Elasticity is a measure of responsiveness. The responsiveness of behavior measured by variable Z to a change in environment variable Y is the change in Z observed in response to a change in Y. Specifically, this approximation is common: elasticity = (percentage change in Z) / (percentage change in Y). The smaller the percentage change in Y is practical, the better the measure is and the closer it is to the intended theoretically perfect measure..