Economy, asked by vaibhudhano06, 9 months ago

how can you find the new Qty Supplied using the Price Elasticity Formula?

Answers

Answered by AniketVerma1

Answer:

The price elasticity of supply = % change in quantity supplied / % change in price. When calculating the price elasticity of supply, economists determine whether the quantity supplied of a good is elastic or inelastic. PES > 1: Supply is elastic. PES < 1: Supply is inelastic

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