How is the price elasticity of supply calculated?

供应的价格弹性如何计算？

youdao

What is the price elasticity of supply of Picasso paintings?

毕加索画作供应的价格弹性是？

youdao

Price elasticity of supply is a measure of the responsiveness of changes in quantity supplied to changes in price.

供给价格弹性随着时间而增加，因为时间越长，发生产量调整的可能性越大。

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It provides some much needed elasticity both in terms of cost and more importantly the agility needed in the supply chain to support future growth.

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