10/12/2023 0 Comments Pes 7 price![]() If PES is equal to zero, then a change in the price of a product will have no effect on the quantity supplied at all. The possible range of values for PES usually goes from zero to infinity. ![]() PES= Percentage change in quantity supplied of the product/Percentage change in price of the product Price elasticity of supply is a measure of how much the supply of a product changes when there is a change in the price of the product.
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