Price elasticity of supply

Daniel M.

University of Warwick - BSc Philosophy, Politics and Economics (PPE) - Economics Major

Warwick Graduate Economics Tutor and Government Economist with 5+ years of experience.

£60 / hour

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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.