{"id":68,"date":"2010-10-25T10:05:16","date_gmt":"2010-10-25T16:05:16","guid":{"rendered":"http:\/\/opengecko.com\/igcse-economics\/2009\/11\/09\/price-elasticity-of-supply\/"},"modified":"2010-10-25T22:40:35","modified_gmt":"2010-10-26T04:40:35","slug":"price-elasticity-of-supply","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/igcse-economics\/price-elasticity-of-supply\/","title":{"rendered":"Price Elasticity of Supply"},"content":{"rendered":"<p><a href=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2009\/11\/elatsic444054284.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; display: inline; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" title=\"elatsic444054284\" border=\"0\" alt=\"elatsic444054284\" src=\"https:\/\/opengecko.com\/geckoview\/wp-content\/uploads\/2009\/11\/elatsic444054284_thumb.jpg\" width=\"450\" height=\"316\" \/><\/a><\/p>\n<p><span style=\"font-size: xx-small\">From flickr.com. Uploaded on <\/span><a href=\"http:\/\/www.flickr.com\/photos\/sidelong\/archives\/date-posted\/2007\/04\/02\/\"><span style=\"font-size: xx-small\">April 2, 2007<\/span><\/a><span style=\"font-size: xx-small\"> by <\/span><a href=\"http:\/\/www.flickr.com\/photos\/sidelong\/\"><strong><span style=\"font-size: xx-small\">SideLong<\/span><\/strong><\/a><\/p>\n<p>Before starting to understand <strong>Price Elasticity of Supply<\/strong>, it is worth recapping <strong>Price Elasticity of Demand<\/strong>. Click on the following link:<\/p>\n<p><a title=\"http:\/\/www.business2000.ie\/resources\/business_challenge\/economics5.swf\" href=\"http:\/\/www.business2000.ie\/resources\/business_challenge\/economics5.swf\" target=\"_blank\">www.business2000.ie provides an interactive quiz on PED<\/a><\/p>\n<p>This site introduces the main concepts of Price Elasticity of Supply:<\/p>\n<p><a title=\"http:\/\/www.econ.ucsb.edu\" href=\"http:\/\/www.econ.ucsb.edu\/~tedb\/Courses\/Ec1F07\/LecF07\/supplyelastictiy.swf\" target=\"_blank\">Slideshow from http:\/\/www.econ.ucsb.edu<\/a><\/p>\n<p>This site gives a useful overview of PES:<\/p>\n<p><a href=\"http:\/\/tutor2u.net\/economics\/content\/topics\/elasticity\/elasticity_of_supply.htm\" target=\"_blank\">PES from tutor2u.net<\/a><\/p>\n<p>This web page details price elasticity of supply, but is a little complicated:<\/p>\n<p><a title=\"http:\/\/dotlearn.com\/topics\/Economics\/1040\/content\/\" href=\"http:\/\/dotlearn.com\/topics\/Economics\/1040\/content\/\">http:\/\/dotlearn.com\/topics\/Economics\/1040\/content\/<\/a><\/p>\n<p>This web page provides information on how time effects PES:<\/p>\n<p><a href=\"http:\/\/welkerswikinomics.wetpaint.com\/page\/Price+Elasticity+of+Supply\" target=\"_blank\">Welkerswikinomics on PES<\/a><\/p>\n<p>This site gives a useful interactive demonstration of PES calculations:<\/p>\n<p><a title=\"http:\/\/www.college-cram.com\/study\/economics\/presentations\/619\" href=\"http:\/\/www.college-cram.com\/study\/economics\/presentations\/619\">http:\/\/www.college-cram.com\/study\/economics\/presentations\/619<\/a><\/p>\n<p>This video from <strong><a id=\"watch-username\" href=\"http:\/\/www.youtube.com\/user\/pajholden\"><strong>pajholden<\/strong><\/a> <\/strong>helps understand the concept further (note, this is suited to A Level \/ IB students):<\/p>\n<p> <object classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" width=\"480\" height=\"385\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\"><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"src\" value=\"http:\/\/www.youtube.com\/v\/20b_zVHmZG0?fs=1&amp;hl=en_GB&amp;rel=0&amp;color1=0x234900&amp;color2=0x4e9e00\" \/><param name=\"allowfullscreen\" value=\"true\" \/><embed type=\"application\/x-shockwave-flash\" width=\"480\" height=\"385\" src=\"http:\/\/www.youtube.com\/v\/20b_zVHmZG0?fs=1&amp;hl=en_GB&amp;rel=0&amp;color1=0x234900&amp;color2=0x4e9e00\" allowscriptaccess=\"always\" allowfullscreen=\"true\"><\/embed><\/object>  <\/p>\n<p>&#160;<\/p>\n<p>Finally, if you think you\u2019ve made yourself an expert in PES, you can test your understanding using the following quiz:<\/p>\n<p> <iframe loading=\"lazy\" height=\"451\" src=\"https:\/\/docs.google.com\/present\/embed?id=djtc82k_280d4wmk85w&amp;size=m\" frameborder=\"0\" width=\"555\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[201,48,47],"class_list":["post-68","post","type-post","status-publish","format-standard","hentry","category-igcse-economics","tag-allocation-of-resources-2","tag-elasticity","tag-price-elasticity-supply"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/68","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=68"}],"version-history":[{"count":5,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/68\/revisions"}],"predecessor-version":[{"id":267,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/68\/revisions\/267"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=68"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=68"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=68"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}