Question

give the formula for measuring price elasticity of supply through percentage change method​

Answer 1

Explanation:

Percentage change in Quantity supplied = Change in Quantity Supplied (∆Q) / Initial Quantity Supplied (Q) x 100.

Change in Quantity (∆Q) = New Quantity (Q1) – Initial Quantity (Q)

Percentage change in Price = Change in Price (∆P) / Initial Quantity (P) × 100.