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2.7. Price elasticity of supply (PES)

Syllabus
0455–2027–2028
Topic
2.7
Level
—

2.7.1—Definition of PES

  • Definition of PES

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

2.7.3—Determinants of PES

  • main influences on whether supply is elastic or inelastic

Objective notes

3 learning objectives
ConceptIGCSE Economics