Price Elasticity Of Supply (PES)
Gbogbo ọrọ náà
When the price of a good rises, every producer would like to supply more, but some can react in minutes while others need months or even years. Price elasticity of supply puts a number on that responsiveness. It is the difference between a software firm that can serve a million extra downloads overnight and an apple grower who must wait a whole season for the next crop.
In this lesson you will calculate PES with the standard formula, read off what the value means from perfectly inelastic to perfectly elastic, draw the supply curves for each case, and explain the real influences, spare capacity, stocks, time and factor mobility, that make supply elastic or inelastic. By the end you will both compute and interpret PES with confidence.
Ebumnobi
- 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
- main influences on whether supply is elastic or inelastic
Akọmọ Ojú-ẹkọ
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Ayẹwo Ẹkọ
Ekele diri gi maka imecha ihe karịrị na Price Elasticity Of Supply (PES). Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Price rises 10% and quantity supplied rises 5%. The PES is: A. 2.0 (elastic) B. 0.5 (inelastic) C. 1.0 (unitary) D. 0 (perfectly inelastic) Answer: B
- A vertical supply curve shows supply that is: A. perfectly elastic B. unitary C. perfectly inelastic D. elastic Answer: C
- Which factor tends to make supply more price elastic? A. perishable goods that cannot be stored B. plenty of spare productive capacity C. a very short time period D. inputs that cannot be switched to the good Answer: B
- A straight-line supply curve drawn from the origin has a PES of: A. 0 B. less than 1 C. exactly 1 D. infinity Answer: C
- Price rises 6% and quantity supplied rises 18%. Supply is: A. inelastic, PES 0.33 B. unitary, PES 1 C. elastic, PES 3 D. perfectly inelastic Answer: C
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Àwọn Ìwé Tó Dáa Láti Kà
Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Price Elasticity Of Supply (PES)? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
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