Unit 2.6: Price elasticity of supply
This page contains the activities, with student access, for the teacher page: Unit 2.6: Price elasticity of supply A measure of the responsiveness of quantity supplied to changes in price. When the price of a good or service changes we would also expect a change in the quantity supplied BUT not a change in supply – i.e a movement along the supply curve not a shift in the supply curve. The degree to which the quantity...