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What is the formula for price elasticity of supply (PES)?
A
PES=% ΔP% ΔQs
\text{PES} = \dfrac{\%\,\Delta P}{\%\,\Delta Q_s}
PES=%ΔQs%ΔP
B
The percentage change in quantity supplied.
C
PES=% ΔQd% ΔP
\text{PES} = \dfrac{\%\,\Delta Q_d}{\%\,\Delta P}
PES=%ΔP%ΔQd
D
PES=% ΔQs% ΔP
\text{PES} = \dfrac{\%\,\Delta Q_s}{\%\,\Delta P}
PES=%ΔP%ΔQs
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2.3.2 formula for and calculation of price elasticity of supply Flashcards
20 flashcards on CIE Intl A Level Economics 2.3.2 formula for and calculation of price elasticity of supply: the key terms and definitions you need to recall.