Price Elasticity of Supply: Degrees and Concepts

Explore the concept of Price Elasticity of Supply (PES) through definitions, descriptions of elasticity degrees, and examples like perfectly inelastic, fairly elastic, and unitary elastic. Engage in an activity to deepen your understanding.

• Elasticity
• Supply
• Degrees
• Concepts
• Activity

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Uploaded on Jul 22, 2024 | 1 Views

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Presentation Transcript

1. Price Elasticity of Supply Mr. Charles

2. Students should be able to: Define the term elasticity of supply Objectives Describe the different degrees of elasticity

3. PES Defined

4. Perefectly inelastic Fairly elastic Degrees of Elasticity Unitary elastic Fairly elastic Perfectly elastic

5. Activity https://enotesworld.com/concept-and-degree-of-price-elasticity-of-supply/