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price elasticity of supply

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  • Price elasticity of supply — In economics, the price elasticity of supply is defined as a numerical measure of the responsiveness of the quantity supplied of product (A) to a change in price of product (A) alone. :E s = frac{% mbox{change in quantity supplied{% mbox{change… …   Wikipedia

  • Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… …   Wikipedia

  • elasticity of supply — The degree of producers responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price. A large value (greater than 1) of elasticity indicates sensitivity of supply to price, e.g …   Financial and business terms

  • Elasticity — may refer to:*Elasticity (physics), continuum mechanics of bodies which deform reversibly under stressVarious uses are derived from this physical sense of the term, especially in economics:*Elasticity (economics), a general term for a ratio of… …   Wikipedia

  • Elasticity (economics) — Economics …   Wikipedia

  • Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… …   Wikipedia

  • Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… …   Wikipedia

  • Price of petroleum — This article is about the price of crude oil. For information about derivative motor fuels, see gasoline and diesel usage and pricing. For detailed history of price movements since 2003, see 2003 to 2011 world oil market chronology. Brent barrel… …   Wikipedia

  • elasticity — /ˌɪlæ stɪsəti/ noun the ability to change easily in response to a change in circumstances ♦ elasticity of supply and demand changes in supply and demand of an item depending on its market price …   Marketing dictionary in english

  • elasticity — /ˌɪlæ stɪsɪti/ noun the ability to change easily in response to a change in circumstances ♦ elasticity of supply and demand changes in supply and demand of an item depending on its market price …   Dictionary of banking and finance

  • Cross elasticity of demand — Economics …   Wikipedia

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