Price Elasticity of Supply Calculator

Price elasticity of supply (PES or Es) is a measure of the responsiveness of the quantity supplied of a good or service to a change in its price. The given below price elasticity of supply calculator will help you in finding the answer to your question of 'How to calculate price elasticity of supply?'. Just enter the inputs in this PES calculator to know the percentages of change in quantity, change in price, and price elasticity of supply with ease.

PES Calculator

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Price elasticity of supply (PES or Es) is a measure of the responsiveness of the quantity supplied of a good or service to a change in its price. The given below price elasticity of supply calculator will help you in finding the answer to your question of 'How to calculate price elasticity of supply?'. Just enter the inputs in this PES calculator to know the percentages of change in quantity, change in price, and price elasticity of supply with ease.

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Formula:

Change in Quantity (%) = ((N - O) / O) × 100 Change in Price (%) = ((P - Q) / Q) × 100 Price Elasticity Of Supply (%) = (Change in Quantity / Change in Price) × 100 Where, N = New Quantity O = Original Quantity P = New Price Q = Original Price

Example:

Calculate the price elasticity of supply based on the new quantity of 50, original quantity of 30, the new price of 100 and original price of 80.

Solution:

Change in Quantity (%) = ((50 - 30) / 30) × 100
= 66.67 %
Change in Price (%) = ((100 - 80) / 80) × 100
= 25 %
Price Elasticity Of Supply (%) = (66.67 / 25) × 100
= 266.67 %

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