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2.3.6 Price elasticity of supply
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What does PES measure?

What does PES measure?

Price elasticity of supply, or PES, measures how responsive the quantity supplied of a good is to a change in that good’s own price. The law of supply tells us that quantity supplied usually rises when price rises, but PES tells us how much it rises.

2.3.6 Price elasticity of supply Lesson

  1. GCSE
  2. /Economics
  3. /2.3.6 Price elasticity of supply

Step-by-step lessons on OCR GCSE Economics 2.3.6 Price elasticity of supply. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons