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2.7.2 Calculation of PES

Topic 2.7.2 - Calculation of price elasticity of supply (PES) There are three learning outcomes in this section of the Cambridge IGCSE Economics (0455) syllabus: Recall that price elasticity of supply refers to the extent to which the supply of a product changes due to a change in its price. In general, supply can be relatively price elastic or price inelastic. This is determined by using the formula for calculating...

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