Price elasticity of Supply

Economics
Tutor: None Selected Time limit: 1 Day

When the price of paper increases from $250 to $257 per ton, the quantity supplied increases from 350 to 390 tons per day. The price elasticity of supply is:

May 7th, 2015

Price elasticity of supply (PES or Es) is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.

May 7th, 2015

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May 7th, 2015
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May 7th, 2015
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