Enter the percentage change in supply (%) and the percentage change in price (%) into the Calculator. The calculator will evaluate the PES.

PES Formula

PES = S / P

Variables:

• PES is the Price Elasticity of Supply ()
• S is the percentage change in supply (%)
• P is the percentage change in price (%)

To calculate PES, divide the percentage change in supply by the percentage change in price.

How to Calculate Price Elasticity of Supply?

The following steps outline how to calculate the PES.

• First, determine the percentage change in supply (%).
• Next, determine the percentage change in price (%).
• Next, gather the formula from above = PES = %S / %P.
• Finally, calculate the Price Elasticity of Supply.
• After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem :

Use the following variables as an example problem to test your knowledge.

percentage change in supply (%) = 30

percentage change in price (%) = 40