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2.8.2 Calculation of PES

Unit 2.8.2 - Calculation of price elasticity of supply (PES)This section of the Cambridge IGCSE Economics (0455) syllabus requires students to calculate PES and interpret the significance of the result of the calculation. It also requires students to be able to draw and interpret supply curve diagrams to show different values of PES.Price elasticity of supply (PES) is calculated using the formula:

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