Economics A-Level

Price elastic supply

What Price elastic supply means in Economics A-Level, as defined for AQA.

Definition of Price elastic supply

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Reference: AQA

A PES value greater than 1, meaning producers can easily increase output without a significant rise in costs.

AQA · Price elasticity of supply

Topics that use Price elastic supply

Price elasticity of supply (AQA A-Level)

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Using Price elastic supply in the exam

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