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).
The resolution is the part of a story's plot line in which the problem of the story is resolved or worked out. This occurs after the falling action and is typically where the story ends. Another term for the resolution is denouement, which comes from the French term denoue, meaning to untie..