Post Tagged with: "Supply"

Price Elasticity of Supply

Price Elasticity of Supply

Business, Economics June 7, 2012 at 1:42 am 0 comments

PRICE ELASTICITY OF SUPPLY The relative response of a change in quantity supplied to a relative change in price. More specifically the price elasticity of supply can be defined as the percentage change in quantity supplied due to a percentage change in supply price. • Calculating elasticities between two points […]

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