the calculation of price elasticity of demand and price elasticity of supply

what is in your mind

kochunni69 Wrote: ------------------------------------------------------- > what is in your mind pass the exam anyway they are both calculated as the (variation of quantity)/ (variation of price) however: Elasticity of demand: we take the absolute value Elasticity of supply: we take both negative and positive values

Hmm, i don’t know… i suppose the calculation is the same, it’s just that the sign will be positive for supply and negative for demand.

It’s the same, just make sure you put the negative in if P or Q decreases.