Topic Videos
Price Elasticity of Supply
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This updated revision video covers the important topic of price elasticity of supply.
Elasticity of supply measures the responsiveness of quantity supplied to a change in price. What are the key factors affecting price elasticity of supply? What are some topical examples of when this concept is important?
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