CameraIcon

SearchIcon

MyQuestionIcon

1

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

Law of Demand

What is measu...

Question

What is measured by the price elasticity of supply?

Open in App

Solution

Price elasticity of supply measures the relationship between the change in quantity supplied with the change in price.

Also read:

Price Elasticity of Supply

Income Elasticity of Demand Formula

Elasticity of Demand

Price Elasticity of Demand Formula

Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Answer the following about 200 to 250 words each

Explain various methods to measure Price Elasticity of Supply.

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

Q. Explain the various methods of measuring price elasticity of supply.

Q. Why is minus sign attached to the measure of price elasticity of demand of a normal good in comoparison to the plus sign attached to the measure of price of elasticity of supply? Explain.

Q. Elasticity of supply is measured by dividing the percentage change in quantity supplied of a good by __________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Law of Demand

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon