Price elasticity of supply, Microeconomics

Price elasticity of supply:

It is the responsiveness of quantity supplied of a commodity to a change in the price of the commodity and measured as percentage change in quantity supplied divided by percentage change in the market price of the commodity. That is:

2426_Price elasticity of supply.png

Posted Date: 1/2/2013 7:06:33 AM | Location : United States







Related Discussions:- Price elasticity of supply, Assignment Help, Ask Question on Price elasticity of supply, Get Answer, Expert's Help, Price elasticity of supply Discussions

Write discussion on Price elasticity of supply
Your posts are moderated
Related Questions
Chapter 13 / PERFECT COMPETITION and THE SUPPLY CURVE 1. Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixe

FACTORS RESPONSIBLE FOR POLICY FAILURES: It is the subject of many official and academic studies to try and find out the reasons for the inability of many, in fact, most of th

Question 1: a) Describe the labour market Information. b) What are the basic factors that affect the labour market trend? c) Explain the influence of these factors on th

(Cost minimization) a)  What are the expressions for the marginal product of every of the two inputs in producing credit hours? b)  What is the expression for the marginal r

Explain about the money metric utility functions. The Money Metric Utility Functions: It is a nice construction including the expenditure function which comes up into a vari

Question 1: a) Describe the different types of unemployment that exist. b) Critically examine how monetary policy will be used to deal with inflation. c) Critically deter

how to solve major economic problem as a computer engineer

Determinants of Private Demand - Gender Hypothetically, let us consider a family with two children, a boy and a girl. Let it be that both of them qualify in an entrance exami


What is the difference between economics and business?  Economics is the study of how we, the people, engage ourselves in production, distribution and consumption of goods and