What is the price elasticity of supply, Macroeconomics

What is the price elasticity of supply?

Price elasticity of supply:

The price elasticity of supply is a measure of the receptiveness of the quantity of a good supplied to price of which good.

Price elasticity of supply = (% change in quantity supplies)/(% change in price)

Posted Date: 9/7/2013 3:28:08 AM | Location : United States

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