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2.3.5 implications for speed and ease with which firms react to changed market conditions
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PES and responsiveness

PES and responsiveness

Price elasticity of supply, or PES, measures how strongly quantity supplied responds to a change in price. It is calculated using:

PES=% change in quantity supplied% change in price \text{PES}=\frac{\%\text{ change in quantity supplied}}{\%\text{ change in price}} PES=% change in price% change in quantity supplied​

2.3.5 implications for speed and ease with which firms react to changed market conditions Lesson

  1. Intl A Level
  2. /Economics
  3. /2.3.5 implications for speed and ease with which firms react to changed market conditions

Step-by-step lessons on CIE Intl A Level Economics 2.3.5 implications for speed and ease with which firms react to changed market conditions. Each one builds up to exam-style questions.

Lessons