Price Elasticity of Supply

The Price Elasticity of Supply calculator computes the ratio of the percent change in the quantity supplied over the percent changes in the price of a good.  

INSTRUCTIONS: Enter the following:

• Percent Change in Quantity
• Percent Change in Price

Price Elasticity of Supply:  The calculator returns the elasticity as a real number.

The Math / Science

Price Elasticity of Supply is a ration that indicates how much a change in the supply is affected by the change in price.

The formula for the Price Elasticity of Supply is:

     PES = PCQ / PCP

where:

• PES is the Price Elasticity of Supply
• PCP is the Percent Change in Price
• PCQ is the Percent Change in Quantity

Macroeconomics Calculators

• Income Elasticity of Demand
• Cross-Price Elasticity of Demand
• Price Elasticity of Demand
• Price Elasticity of Supply
• Total Surplus
• Consumer Surplus
• Producer Surplus
• GDP Growth
• GDP Deflator
• GDP by Income
• GDP Expenditure
• Net Capital Outflow
• Net Exports and Net Capital Outflow
• Dollar Conversion from Different Times
• Unemployment Rate (Friedman and Phelps)
• National Saving
• Domestic Investment
• Unemployment Rate
• Inflation Rate in Year 2 (using CPI)
• Labor Force
• Labor-Force Participation Rate
• Net Exports
• Real Exchange Rate
• Currency Converter
• Midpoint Method for Price Elasticity of Demand
• Income Elasticity of Demand
• Simple Price Elasticity of Demand

Reference:

• Mankiw, N. Gregory. "Chapter 5:The Elasticity of Supply." Principles of Macroeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 97. Print.