IB Economics 2.6: Price Elasticity of Supply (PES) Formula & Determinants

Описание: Welcome to IB DP Economics Unit 2.6: Elasticities! This is your complete guide to Price Elasticity of Supply (PES). Learn the PES formula, understand its determinants (like time and mobility of factors), and analyze why primary commodities have low PES. Essential for both IB Economics HL and SL students mastering diagrams and quantitative analysis!

In this complete lesson, you will master Price Elasticity of Supply (PES):
00:00 - Intro
00:19 - Explain the formula for P.E.S.
01:27 - P.E.S. = (% change in Q) / (% change in P)
03:16 - Identify the various degrees and ranges of values for P.E.S.
07:15 - Analyze the determinants of P.E.S.:
11:35 - (HL) Apply P.E.S. to analyze the reasons why primary commodities generally have a lower P.E.S. than manufactured products

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IB Economics HL/SL video lesson