Elasticity of supply

 

 

 

Elasticity of supply

 

Glossary of business

 

Definition of elasticity of supply

 

The elasticity of supply is the responsiveness of supply to a change in price. If a good is elastic in supply, then an increase in price will lead to a larger proportionate increase in the quantity supplied.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

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Definition and meaning of elasticity of supply

 

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Meaning of elasticity of supply

 

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What does elasticity of supply mean ?

 

 

 

 

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