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.

Related questions
See all questions in Elasticity
Impact of this question
1675 views around the world
You can reuse this answer
Creative Commons License