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 the ability to 'resolve' differences; that is, to draw a distinction between two things. 1  High resolution means being able to resolve small differences. In a digital system, resolution means the smallest increment or step that can be taken or seen. In an analog system, it means the smallest step or difference that can be reliably observed. Some examples of resolution in FTA systems: Contact angle. Resolution = 0.01 degree. Interfacial tension. Resolution = 0.01 mN/m. Pump control. Resolution = 1 step.