Price Elasticity of Supply Calculator Tool

Price Elasticity of Supply Calculator

Price Elasticity of Supply Calculator

Price Elasticity of Supply Calculator
Parameter Description Example Value
Initial Quantity Supplied The initial quantity of the good supplied before the price change. 100 units
New Quantity Supplied The new quantity of the good supplied after the price change. 120 units
Initial Price The initial price of the good. $10
New Price The new price of the good after the price change. $12
Price Elasticity of Supply The responsiveness of the quantity supplied to a change in price.
Formula: ((New Quantity Supplied – Initial Quantity Supplied) / Initial Quantity Supplied) / ((New Price – Initial Price) / Initial Price)
1.0

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