Price elasticity of supply

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  • Created by: ann2000
  • Created on: 24-02-18 13:30

The responsiveness of supply given the change in price 

PRICE ELASTICITY OF SUPPLY 

-price inelastic supply

- perfectly pirce inelastic supply= values of 0

- perfectly price elastic supply-= infinity

-price elastic supply 

- utinary supply 

FACTORS AFFECTING PES

1)Amount of stockpiling 

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