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\nCalculating Price Elasticity of Supply\n

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\nThis video provides a comprehensive explanation of how to calculate the price elasticity of supply of a good using a simple three-step process. It explains the formula for calculating price elasticity of supply and what is meant by...\nThis video provides a comprehensive explanation of how to calculate the price elasticity of supply of a good using a simple three-step process. It explains the formula for calculating price elasticity of supply and what is meant by proportionate change in quantity and price. The video also includes two examples of calculating price elasticity of supply, one with smaller numbers and another with bigger numbers.\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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8:08
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Grade
12th - Higher Ed
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Subjects
Math
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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, price elasticity, numbers, delta
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Additional Tags

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a-level, lectures, micro, 3.2d, calculating, pes, quantity supplied, price rises, initial qs, proportionate change, actual change, delta qs, initial price, initial supply, price, initial, change, divided, trickier, supply, good, calculator, process, step, calculate, unit, focus, comfortable, formula, equal, found, bottom
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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: Calculating Price Elasticity of Supply\" href=\"/subscription/new\">\"Calculating\n\n
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