enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Price elasticity of supply - Wikipedia

    en.wikipedia.org/wiki/Price_elasticity_of_supply

    The price elasticity of supply (PES or E s) is commonly known as “a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.” Price elasticity of supply, in application, is the percentage change of the quantity supplied resulting from a 1% change in price.

  3. Elasticity (economics) - Wikipedia

    en.wikipedia.org/wiki/Elasticity_(economics)

    Calculating the price elasticity of supply The price elasticity of supply measures how the amount of a good that a supplier wishes to supply changes in response to a change in price. [ 14 ] In a manner analogous to the price elasticity of demand, it captures the extent of horizontal movement along the supply curve relative to the extent of ...

  4. Price elasticity of demand - Wikipedia

    en.wikipedia.org/wiki/Price_elasticity_of_demand

    For example, when demand is perfectly inelastic, by definition consumers have no alternative to purchasing the good or service if the price increases, so the quantity demanded would remain constant. Hence, suppliers can increase the price by the full amount of the tax, and the consumer would end up paying the entirety.

  5. Supply (economics) - Wikipedia

    en.wikipedia.org/wiki/Supply_(economics)

    Since supply is usually increasing in price, the price elasticity of supply is usually positive. For example, if the PES for a good is 0.67 a 1% rise in price will induce a two-thirds increase in quantity supplied. Significant determinants include: Complexity of production: Much depends on the complexity of the production process. Textile ...

  6. Business process modeling - Wikipedia

    en.wikipedia.org/wiki/Business_process_modeling

    A business process modeling of a process with a normal flow with the Business Process Model and Notation. Business process modeling (BPM) is the action of capturing and representing processes of an enterprise (i.e. modeling them), so that the current business processes may be analyzed, applied securely and consistently, improved, and automated.

  7. Demand - Wikipedia

    en.wikipedia.org/wiki/Demand

    For example, assume that there are 80 firms in the industry and that the demand elasticity for industry is -1.0 and the price elasticity of supply is 3. Then PED mi = (80 x (-1)) - (79 x 3) = -80 - 237 = -317. That is the firm PED is 317 times as elastic as the market PED.

  8. Elasticity of labor supply - Wikipedia

    en.wikipedia.org/wiki/Elasticity_of_labor_supply

    If the elasticity is higher than 1, then the supply of labor is "elastic", meaning that a small change in wages causes a large change in labor supply. If the elasticity is less than 1, then the supply of labor is "inelastic". Generally, the elasticity of labor supply varies by occupation and the time frame being considered. [1]

  9. Indirect tax - Wikipedia

    en.wikipedia.org/wiki/Indirect_tax

    The incidence of indirect tax imposed on a good or service depends on price elasticity of demand (PED) and price elasticity of supply (PES) of a concerned good or service. In case the good has an elastic demand and inelastic supply, the tax burden falls mainly on the producer of the good, whereas the burden of the good with an inelastic demand ...