Enter the total change in quantity shipped and the change in price into the calculator. The calculator will evaluate a display the price elasticity of supply.

## Price Elasticity of Supply Formula

The following equation can be used to calculate the price elasticity of supply.

Price Elasticity of Supply = % Change in Quantity Supplied / % Change in Price

## What is price elasticity of supply?

A price elasticity of supply is how a change in supply is effected by a change in price. Most often it’s used to analyze how much of a product to produce based on previous history of supply and prices.

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