Price Elasticity of Supply
From flickr.com. Uploaded on April 2, 2007 by SideLong
Before starting to understand Price Elasticity of Supply, it is worth recapping Price Elasticity of Demand. Click on the following link:
www.business2000.ie provides an interactive quiz on PED
This site introduces the main concepts of Price Elasticity of Supply:
Slideshow from http://www.econ.ucsb.edu
This site gives a useful overview of PES:
This web page details price elasticity of supply, but is a little complicated:
http://dotlearn.com/topics/Economics/1040/content/
This web page provides information on how time effects PES:
This site gives a useful interactive demonstration of PES calculations:
http://www.college-cram.com/study/economics/presentations/619
This video from pajholden helps understand the concept further (note, this is suited to A Level / IB students):
Finally, if you think you’ve made yourself an expert in PES, you can test your understanding using the following quiz:
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