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  • Mind Mapping of PES

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    cjcsucks
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    Mind Map of Price Elasticity of Supply Use for firms to realize or determine the change in output produced when there is a change in price. PES > 1 = Supply is Price Change in quantity supplied is proportionately than change in price of the good.

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    Mind Map of Price Elasticity of Supply Use for firms to realize or determine the change in output produced when there is a change in price. PES > 1 = Supply is Price Change in quantity supplied is proportionately than change in price of the good.

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    Attribution Non-Commercial (BY-NC)
    Скачайте в формате DOC, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    29 просмотров2 страницы

    Mind Mapping of PES

    Загружено:

    cjcsucks
    Mind Map of Price Elasticity of Supply Use for firms to realize or determine the change in output produced when there is a change in price. PES > 1 = Supply is Price Change in quantity supplied is proportionately than change in price of the good.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате DOC, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 2

    Mind Map of Price Elasticity of Supply

    PRICE ELASTICITY OF SUPPLY


    Use for firms
    Formula Definition
    To realize or determine the
    change in output produced Percentage change in Responsiveness of of a
    when there is a change in Percentage change in Good to a Change in , Ceteris Paribus.
    price.
    Determinants
    PES > 1 ⇒ Supply is Price
    Change in quantity supplied is proportionately
    than change in price of the good.

    PES < 1 ⇒ Supply is Price


    Change in quantity supplied is proportionately
    than change in price of the good.

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