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Calculating price elasticity of supply
This video discusses the meaning of price elasticity of supply (PES), how to calculate PES and how to interpret PES calculations.
Five factors that influence price elasticity of supply
This video explores how spare capacity, stock levels/inventories, production time, response time and the mobility of the factors of production impact elasticity of supply..
Graphing and interpreting price elasticity of supply
This video shows how to graph various elasticities of supply and provide examples of the different elasticities.