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What price elasticity of supply measures

What price elasticity of supply measures

Price elasticity of supply, or PES, measures how responsive quantity supplied is to a change in the good's own price. It compares proportional changes, so markets with different prices and quantities can be compared.

1.2.5 Elasticity of supply Lesson

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

Step-by-step lessons on Edexcel A A Level Economics 1.2.5 Elasticity of supply. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons