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Answer: Elastic energy is energy stored in an object due to a force that temporarily changes its shape, such as squashing or stretching. Potential energy is energy that is stored in an object or substance. Elastic energy is a form of potential energy – in fact, it's often called 'elastic potential energy'.

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khristianmigues
Elastic or potential energy is stored energy waiting to be released as kinetic energy. To be concise, stored energy.