2007-05-23 09:26:30 · 3 answers · asked by Teresa A 1 in Business & Finance ➔ Other - Business & Finance
Price elasticity of supply is calculated by this equation:
Es = % change in QTY supplied/ % change in price.
I would say find out how much gas these guys are pumping out daily and factor that into this equation along w/ the % of change in price.
I'm sure this equation is oversimplified though. I don't have a PhD or anything
2007-05-25 07:12:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Price elasticity of supply? Or do you mean of sales?
Sales don't seem to be much affected by price, according to recent statistics.
2007-05-23 09:32:05 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
until something snaps !
of coarse the companies charge so much, because of the price to fly to all their sites .
talk about irony
2007-05-23 09:36:36 · answer #3 · answered by martinmm 7 · 0⤊ 0⤋