Elasticity of supply can be measured by following formula:

We illustrate below measurement of elasticity of supply at the point P on the supply curve SS according to the above formula.

In Fig. SS_{1} is the supply curve. P is any point on it. Through P a tangent is drawn meeting X-axis at T and Y-axis at t. PM is the perpendicular drawn from the point P to the X-axis at M.

or more than unity.

*Fig. *

Dq_{s} – Change in Quantity Supplied

Dp_{s} – Change in Price

E_{s} – Elasticity of Supply

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