It is not to be confused with Price elasticity of supply. Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price, ceteris paribus.
Resolution in western tonal music theory is the move of a note or chord from dissonance (an unstable sound) to a consonance (a more final or stable sounding one).
Resolution is one of the most frequently misunderstood and poorly defined descriptions of performance. Resolution is an important specification because without sufficient resolution you may not be able to reliably make the needed measurement, and an over performing sensor will burden your budget.