Sagot :
Answer:
change in quantity supplied / % change in price.
Explanation:
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.
Answer:
change in quantity supplied / % change in price.
Explanation:
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.