Question

Percentage method for measuring price elasticity of supply.

Answer 1

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$\textsf{\pink{Q.}}$ Percentage method for measuring price elasticity of supply.

$\textsf{\pink{Ans.}}$ According to this method, elasticity is measured as the ratio of percentage change the quantity supplied to the percentage change in the price.

$\bold{Es\:=}$ % Change in quantity supplied / % Change in price

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Answer 2

Percentage Method Is Also Known As 'Proportionate Method'. According to this Elasticity Is Measured As The Ratio Of Percentage Change In The Quantity Supplied To Change In The Price.


The Formula For Calculating Elasticity Of Supply (eS) Is =>

eS = Percentage Change In Quantity Supplied/Percentage Change In Price ..