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  • Elasticity of Supply

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    john benedict reguindin
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    yan ln

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    yan ln

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    © All Rights Reserved
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    11 vizualizări1 pagină

    Elasticity of Supply

    Încărcat de

    john benedict reguindin
    yan ln

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 1

    ELASTICITY OF SUPPLY ELASTICITY OF SUPPLY

    ELASTICITY ELASTICITY
    -is a measure of variables sensitivity to a change -is a measure of variables sensitivity to a change
    in another variable. in another variable.
    ELASTICITY OF SUPPLY ELASTICITY OF SUPPLY
    -it is defined as the responsiveness of the -it is defined as the responsiveness of the
    quantity supplied of the good to a change in its quantity supplied of the good to a change in its
    price. price.
    KIND OF ELASTICITY OF SUPPLY KIND OF ELASTICITY OF SUPPLY
    ELASTIC SUPPLY Es>I ELASTIC SUPPLY Es>I
    -When percentage change in quantity supplied is -When percentage change in quantity supplied is
    more than the percentage change in price, then more than the percentage change in price, then
    supply for such a commodity is said to be elastic supply for such a commodity is said to be elastic
    supply. supply.
    INELASTIC SUPPLY Es<I INELASTIC SUPPLY Es<I
    -when percentage change in quantity supplied is -when percentage change in quantity supplied is
    less than the percentage change in price, then less than the percentage change in price, then
    supply for such a commodity is said to be supply for such a commodity is said to be
    inelastic. inelastic.
    UNITARY SUPPLY Es=I UNITARY SUPPLY Es=I
    -When percentage change in quantity supplied to -When percentage change in quantity supplied to
    percentage change in prince, then supply for percentage change in prince, then supply for
    such a commodity is said to the unitary supply. such a commodity is said to the unitary supply.
    PERFECTLY ELASTIC SUPPLY PERFECTLY ELASTIC SUPPLY
    -When there is an infinite supply at a particular -When there is an infinite supply at a particular
    price and the supply becomes zero with a slight price and the supply becomes zero with a slight
    fail in price, then the supply of such a commodity fail in price, then the supply of such a commodity
    is said to be perfectly elastic. is said to be perfectly elastic.
    PERFECTLY INELASTIC SUPPLY Es=0 PERFECTLY INELASTIC SUPPLY Es=0
    -When the supply does not change with change -When the supply does not change with change
    in price, then supply for such a commodity is said in price, then supply for such a commodity is said
    to be perfectly inelastic. to be perfectly inelastic.

    REPORTER:MAY-ANN VERTUDAZO REPORTER:MAY-ANN VERTUDAZO


    BEED-IV BEED-IV

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