Price Elasticity of Supply (PES) measures how responsive the quantity supplied of a good or service is to
Glossary Category: Elasticities (PED, YED, XED, PES)
price elasticity of demand
Price elasticity of demand (PED) measures the responsiveness of the quantity demanded for a good or service to
income elasticity of demand
Income elasticity of demand (YED) measures the sensitivity of the quantity demanded for a good or service to
cross elasticity of demand
Cross elasticity of demand (XED) measures the responsiveness of the quantity demanded for one good or service to