What is the mathematical formula for price elasticity of supply?

1 Answer
Guilherme N.
Dec 25, 2015

It follows the same logic of price elasticity of demand.

Explanation:

The formula is #epsilon=((DeltaQ)/Q)/((DeltaP)/P)=(%DeltaQ)/(%DeltaP)#

That is, the quantity supplied will vary proportionally to changes in prices, depending on the elasticity of the good in question.

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