Price Elasticity of Supply Calculator

Price elasticity of supply measures how responsive the supply of an item is when the price of the item changes. It is calculated as:
Price elasticity of supply = % change in quantity supplied / % change in price
To calculate price elasticity of supply, simply fill in the values below and then click the “Calculate” button.

Price elasticity of supply: 0.471


Explanation:

Price elasticity of supply = % change in quantity supplied / % change in price

Price elasticity of supply = ((400400) / 400) / ((400400) / 400)

Price elasticity of supply = 0.471% / 0.471%

Price elasticity of supply = 0.471

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