price elasticity of supply (3.1.5) 0.0 / 5 ? Economicsprice elasticity of supply (3.1.5)ASAQA Created by: lee42Created on: 30-05-19 16:11 What is the value for elastic supply? PES > ! 1 of 7 What is the value for inelastic supply? 1 > PES > 0 2 of 7 What is the value for unitary supply? PES = 1 3 of 7 what is the equation for price elastic supply? %change in quantity supplied/%change in price 4 of 7 what are the factors that affcet price elasticity of supply? Recessionarry period, agility, perishable good, 5 of 7 What is the elasticity of supply in short run? capacity is fixed, one or more factor of production is fixed, hard to increase production, supply=inelastic 6 of 7 What is the elasticity of supply in long run? all are variables, firms can increase capacity 7 of 7
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