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2.3.1 definition of price elasticity of supply (PES)
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What PES Measures

What PES Measures

Price elasticity of supply (PES) measures the responsiveness of the quantity supplied of a good to a change in its own price. It focuses on how producers, rather than consumers, respond to a price change.

2.3.1 definition of price elasticity of supply (PES) Lesson

  1. Intl A Level
  2. /Economics
  3. /2.3.1 definition of price elasticity of supply (PES)

Step-by-step lessons on CIE Intl A Level Economics 2.3.1 definition of price elasticity of supply (PES). Each one builds up to exam-style questions.

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