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 Demand Calculator
- Cross Price Elasticity Calculator
- Price Per Unit Calculator
- Price Variance Calculator (VMP)

## 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

## Price Elasticity of Supply Definition

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.

## Price Elasticity of Supply Example

How to calculate price elasticity of supply?

**First, determine the change in quantity shipped.**Calculate the total change in percentage of the quantity of goods shipped.

**Next, determine the change in price.**Calculate the change in price that was associated with the change in shipped goods.

**Finally, calculate the price elasticity of supply.**Calculate the price elasticity of supply using the equation above.

## FAQ

**What is price elasticity of supply?**

Price elasticity of supply measure the change in supply that occurs with a change in price of a produce.