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on September 25, 2017

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MALAYSIA TRADING INCREASE IN OCTOBER

Although Malaysia right now has a lot of debt, Malaysia is very good in trading. This is based on Astro Awani online newspaper dated 6 December 2017. (click link below) Malaysia's trade increased by 19.8 percent to RM154.26 billion compared to last year in the same month. Among the items which contributed to the increase in Malaysia's trade were such as manufactured goods, electronics and electronics, crude petroleum, palm oil and palm oil-based agriculture products as the main contributor to this growth We have seen this increase in growth as a result of increased demand for Malaysian merchandise. This coincides with the concept of demand and supply concept and profitability. link attachment: http://www.astroawani.com/berita-bisnes/jumlah-dagangan-malaysia-naik-kepada-rm154-26-bilion-pada-oktober-2017-162217

PRICE ELASTICITY OF SUPPLY

Explaining Price Elasticity of Supply Price elasticity of supply (PES) measures the relationship between change in quantity supplied following a change in price Price elasticity of supply If supply is elastic (i.e. PES > 1) , then producers can increase output without a rise in cost or a time delay If supply is inelastic (i.e. PES <1), then firms find it hard to change production in a given time period. What is the formula for calculating price elasticity of supply? The formula for price elasticity of supply is: Percentage change in quantity supplied divided by the percentage change in price When Pes > 1, then supply is price elastic When Pes < 1, then supply is price inelastic When Pes = 0, supply is perfectly inelastic When Pes = infinity, supply is perfectly elastic following a change in demand An elastic supply curve Elasticity of supply What factors affect the elasticity of supply? Spare production capacity: If there is pl

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