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2.7.3 Determinants of PES

Topic 2.7.3 - Determinants of price elasticity of supply (PES) This section of the Cambridge IGCSE Economics (0455) syllabus requires students to the understand main influences on whether supply is price elastic or price inelastic. The main determinants of the price elasticity of supply (PES) for a good or service are considered below. These factors include: (1) the degree spare capacity, (2) the level of stock, (3)...

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