Ch. 4 - ElasticityWorksheetSee all chapters

# Price Elasticity of Supply

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Sections
Percentage Change and Price Elasticity of Demand
Elasticity and the Midpoint Method
Price Elasticity of Demand on a Graph
Determinants of Price Elasticity of Demand
Total Revenue Test
Total Revenue Along a Linear Demand Curve
Income Elasticity of Demand
Cross-Price Elasticity of Demand
Price Elasticity of Supply
Price Elasticity of Supply on a Graph
Elasticity Summary
###### You thought we were gonna forget about supply, huh?

Concept #1: Price Elasticity of Supply

Practice: The price elasticity of supply measures the responsiveness of:

Practice: If a one percent decrease in the price of a pound of pound cake causes a three percent decrease in the quantity of pound cake supplied:

Practice: If a decline in the price of flags $9 to$7, caused by a shift in the demand curve, decreases the quantity of flags supplied from 5,500 to 4,500, the: