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1.2.5 Elasticity of supply
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Measuring supply responsiveness

Measuring supply responsiveness

Price elasticity of supply (PES) measures how responsive quantity supplied is to a change in the good's own price. It compares the percentage change in quantity supplied with the percentage change in price.

1.2.5 Elasticity of supply Lesson

  1. A Level
  2. /Economics
  3. /1.2.5 Elasticity of supply

Step-by-step lessons covering Edexcel A A Level Economics 1.2.5 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.