ECON1
WWW.AQUINASECONOMICSAS.CO.UK
@AQUINASECONOMIC
Price Elasticity of Supply
Answer all the questions below
1. Explain t...
Upcoming SlideShare
Loading in...5
×

Price elasticity of supply

151

Published on

AQA, Aquinas, Economics, ECON1, Markets, Market Failure

Published in: Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
151
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "Price elasticity of supply"

  1. 1. ECON1 WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC Price Elasticity of Supply Answer all the questions below 1. Explain the concept of Price Elasticity of Supply 2. What is the calculation for Price Elasticity of Supply 3. Explain what is meant by a commodity 4. What would be the factors which affected Price Elasticity of Supply? 5. Give an example of where supply would be perfectly inelastic and explain why this may be the case?

×