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1.3.4 Price elasticity of supply
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Measuring producer responsiveness

Measuring producer responsiveness

Price elasticity of supply (PES) measures how responsive quantity supplied is to a change in price. It shows whether producers can expand or reduce output substantially when the market price changes.

1.3.4 Price elasticity of supply Lesson

  1. A Level
  2. /Economics
  3. /1.3.4 Price elasticity of supply

Step-by-step lessons covering AQA A Level Economics 1.3.4 Price elasticity of supply for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.