Price Elasticity of Supply 0.0 / 5 ? EconomicsResource allocationASEdexcel Created by: linapoliCreated on: 16-10-17 14:51 What does PES measure? The relationship between change in quantity supplied following a change in price. 1 of 4 What is the PES formula? % change in quantity supplied ÷ % change in price 2 of 4 When is supply price elastic? When PES > 1 3 of 4 Which of these factors affect PES? Spare production capacity 4 of 4
Comments
No comments have yet been made