Price Elasticity of Supply

0.0(0)

Studied by 0 people

0.0(0)

Call Kai

Learn

Practice Test

Spaced Repetition

Match

Flashcards

Knowt Play

Card Sorting

1/3

Looks like no tags are added yet.

Study Analytics

Name	Mastery	Learn	Test	Matching	Spaced

No study sessions yet.

1

New cards

Price Elasticity of Supply

PES measures the responsiveness of quantity supplied given a change in price.

2

New cards

PES formula

% change in Quantity Supplied/% percentage in Price

3

New cards

What elasticity is this?

Inelastic

4

New cards

What elasticity is this?

Elastic