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\nDeterminants of Price Elasticity of Supply\n

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\nThis video provides an explanation of the determinants of price elasticity of supply. The presenter first defines price elasticity of supply and explains the difference between elastic and inelastic goods. Then, the video discusses four...\nThis video provides an explanation of the determinants of price elasticity of supply. The presenter first defines price elasticity of supply and explains the difference between elastic and inelastic goods. Then, the video discusses four determinants of price elasticity of supply: spare capacity, time frame of the production process, factor substitutability, and barriers to entry. The presenter provides examples and explanations for each determinant and explains how they affect the price elasticity of supply.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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11:28
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, elasticity, determinants, ice cream, price elasticity, profit, chocolate, products, wheat
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Additional Tags

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a-level, lectures, micro, 3.2b, of, pes, price rise, quantity supplied, spare capacity, production process, expand production, proportionate rise, inelastic good, production, rise, price, inelastic, increased, start, produce, elastic, produced, call, producing, good, market, barriers, make, supply, increase
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Determinants of Price Elasticity of Supply\" href=\"/subscription/new\">\"Determinants\n\n
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