What does elastic demand mean?

Question

What does elastic demand mean?

Answer 1

The extent to which a substance or idea can be stretched until it loses it's cohesiveness and fails. (breaks)

Answer 2

elastic demand means:

percentage change in quantity demanded is greater than the percentage change in price

for example,if price increases by 5% the quantity demanded decreases by 10%.

OR

if price decreases by 4% the quantity demanded increases by 10%