What does price elasticity of supply mean ? How do we measure it ?

1.	What does price elasticity of supply mean ? How do we measure it ?
Answer» <html><body><p></p>Solution :`P.e_(S)` measures the responsiveness of quantity <a href="https://interviewquestions.tuteehub.com/tag/supplied-3090548" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLIED">SUPPLIED</a> to <a href="https://interviewquestions.tuteehub.com/tag/changes-913881" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGES">CHANGES</a> in the <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of the good. <br/> `P.e_(S)=(%"Change in Quanity Supplied")/(%"Change in Price")=(P)/(Q)xx(<a href="https://interviewquestions.tuteehub.com/tag/deltaq-2053540" style="font-weight:bold;" target="_blank" title="Click to know more about DELTAQ">DELTAQ</a>)/(DeltaP)`</body></html>

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