MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Price Elasticity of Supply

How do you fi...

Question

How do you find price elasticity?

Open in App

Solution

Price elasticity of demand or supply is measured by the percentage change in the quantity demanded to the percentage change in price.

Also see:

Price Elasticity of Demand Formula

Cross Price Elasticity of Demand Formula

Price Elasticity of Supply Formula

Suggest Corrections

thumbs-up

0

Similar questions

What does the price elasticity of supply mean? How do we measure it?

Q. Producer's price line shows highest price elasticity of demand in a state of perfect competition. Do you agree?

Q. How is elasticity of demand relevant to you when, as a monopolist, you are a price maker?

Q. What do you understand by equilibrium price? How do the forces of demand and supply determine the equilibrium price?

how does the expenditure share influence its price elasticity of demand ?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Elasticity of Supply

ECONOMICS

Watch in App

explore_more_icon

Explore more

Price Elasticity of Supply

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon