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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.
