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2.7.2—Calculation of PES

Syllabus
0455–2027–2028
Objective
2.7.2
Level

2.7.2—Calculation of PES

  • calculation of PES using the formula
  • interpretation of the significance of the PES value: perfectly inelastic, inelastic, unitary, elastic, perfectly elastic
  • drawing and interpretation of supply curve diagrams to show different PES
ConceptIGCSE Economics