Price elasticity of Supply (PES)

This Resource is made IGCSE Economics. At the end of the lesson, students should be able to
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Define price elasticity of supply (PES).
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Calculate PES using the formula and interpreting the significance of the result.
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Draw and interpret supply curve diagrams to show different PES.
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Determinants of PES - the key influences on whether supply is elastic or inelastic.
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Significance of PES - the implications for decision making by consumers, producers and government. ‘Class Activities.’