price elasticity of supply

noun

an economic metric that measures the responsiveness of a quantity supplied of a good to a change in its price, calculated as the percent change in supply over the percent change in price.

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Meanings

noun
  1. economicsan economic metric that measures the responsiveness of a quantity supplied of a good to a change in its price, calculated as the percent change in supply over the percent change in price.

Translations

Finnish tarjonnan hintajousto
  • tarjonnan hintajoustosensitivity of supply to change in price
Cite this entry
APA

price elasticity of supply. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/price%20elasticity%20of%20supply

MLA

“price elasticity of supply.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/price%20elasticity%20of%20supply. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “price elasticity of supply,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/price%20elasticity%20of%20supply.

Source: price elasticity of supply on Wiktionary, CC BY-SA 4.0.