1.2.5 Elasticity of Supply 0.0 / 5 ? EconomicsMicroeconomicsASEdexcel Created by: 13clarkenCreated on: 09-02-19 11:45 86295341107 Across 1. When PES is greater than 1, supply is price ... (7) 4. In the ... elasticity of supply is affected when there is all factors of production of a firm are variable (4, 3) 7. In the ... elasticity of supply is affected when there is all factors of production are variable and additional factors outside the control of the firm can be changed (4, 4, 3) 8. Formula for ... = % change in quantity supplied / % change in price (3) Down 2. When PES = Infinity, supply is perfectly ... (7) 3. When PES is less than 1, supply is price ... (9) 5. ... elasticity of ... measures the responsiveness of quantity supplied to a change in the price (5, 6) 6. In the ... elasticity of supply is affected when there is one factor of production that is variable (5, 3) 9. When PES = 0, supply is perfectly ... (9) 10. Factors that influence ... : Spare production capacity, Stocks of available finished goods, Ease and cost of acquiring extra resources and Time period and production speed (3)
Comments
No comments have yet been made