Elasticity of Supply
Completion requirements
Well done! Price elasticity of supply measures the percentage change in
quantity a firm supplies in response to a percentage change in price.
Watch this video to review the concept of price elasticity of supply,
master its calculation, and understand the interpretation of the
possible results.
Source: Khan Academy, https://youtu.be/VbxzsMCryLs
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Last modified: Thursday, November 16, 2023, 9:21 AM