Price Elasticity of Supply - Peel District School Board：供给价格弹性皮尔区教育局.pptVIP

下载本文档

10
0
约3.01千字
约 13页
2017-12-23 发布于江西
举报
版权申诉

Price Elasticity of Supply - Peel District School Board：供给价格弹性皮尔区教育局.ppt

1、本文档共13页，可阅读全部内容。
2、有哪些信誉好的足球投注网站（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
5、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
6、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
7、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
8、VIP文档为合作方或网友上传，每下载1次，网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档

Price Elasticity of Supply - Peel District School Board：供给价格弹性皮尔区教育局

Price Elasticity of Supply CIE 3M Price Elasticity of Supply Measures the responsiveness of quantity supplied to a change in the products price. How much does quantity supplied change when the price of the product changes? Formula: PES = percentage change in Quantity Supplied percentage change in Price The supply curves all have positive slopes, so an increase in price causes an increase in quantity supplied. Types of Supply Curves: Determinants of Supply Elasticity Substitution and Production Costs The ease of substitution can vary in production as well as in consumption. If capital, labour, equipment and/or land can be easily shifted from one product to another, than the supply of Product A would be elastic. Spare Capacity If the firm has lots of space to expand production quickly, then the supply will be more elastic Inventory If the firm has a lot of raw materials and components on hand, they can easily respond to a change in demand, causing the supply curve to be more elastic. Time period Supply is more elastic when the firm has a longer period of time to respond to changes in the market. In the short-run, the supply curve may be inelastic as the firm may have difficulties changing their production processes or factors of production. In the long-run, there is time for new solutions to be developed increasing the elasticity of supply. Where Elasticity Matters: Excise Taxes: The federal, provincial and municipal governments levy special taxes called excise taxes on many goods and services. Tax incidence: Who bears the burden of the tax? The consumer or the producer? Usually the tax is distributed between the consumer and the producer How much each group has to pay depends on the relative elasticities of supply and demand. Example: Lets examine the proposed tax on Cable TV services. Without taxes, the supply and demand curves might look like this, with P0 and Q0 being the market equilibrium price and quantity. Our market will not always allow selle