(PES > 1) Goods having relatively elastic supply means the quantity supplied is sensitive to the price. When producers can make the merchandises in a short time it usually has relatively elastic supply. For example, fidget spinner, when the market’s demand went higher, producers immediately increased their quantity supplied which is bigger than the percentage change is price. [12] 5) Perfectly Elastic Supply (PES = ∞ ) This one is very unrealistic case. Infinite elastic supply means even there is a small price change, quantity supplied will be disallow producers to produce. This cannot have a real-life example because if this is a case, seller will be willing and able to produce as much as the producer wants when the price is 10 dollars, but if the price changes into 10.01 or 9.99, producer will not be able and willing to produce at all and this is very unrealistic. [12] Mathematical definition In non-differentiable terms, the law of supply can be expressed as: where y is the amount that would be supplied at some price p, and y' is the amount that would be supplied at some other price p' . Thus for example if p > p' then y > y' . See also Demand curve Law of demand Supply (economics) Supply and demand References [5] Kenton, W. (2021). Supply. Investopedia. Retrieved 3 April 2022, from https://www.investopedia.com/terms/s/supply.asp [6] What Is the Law of Supply?. Investopedia. (2022). Retrieved 13 March 2022, from https://www.investopedia.com/terms/l/lawofsupply.asp [7] What is Law Of Supply? Definition of Law Of Supply, Law Of Supply Meaning - The Economic Times. The Economic Times. (2022). Retrieved 13 March 2022, from https://economictimes.indiatimes.com/definition/law-of-supply [8] Pettinger, T. (2019). Factors affecting Supply - Economics Help. Economics Help. Retrieved 13 March 2022, from https://www.economicshelp.org/microessays/equilibrium/supply/ [9] How To Calculate Equilibrium Price. Indeed Career Guide. (2021). Retrieved 13 March 2022, from https://www.indeed.com/career-advice/career-development/how-to-calculate-equilibrium-price#:~:text=You%20use%20the%20supply%20formula,price%20of%20hats%20in%20dollars [10] Kenton, W. (2021). Supply Curve Definition. Investopedia. Retrieved 13 March 2022, from https://www.investopedia.com/terms/s/supply-curve.asp#:~:text=How%20a%20Supply%20Curve%20Works,(all%20else%20being%20equal [11] Standard, B. What is Law of Supply? - Definition, Factors and Exceptions. Business Standard. Retrieved 17 May 2022, from https://www.business-standard.com/about/what-is-law-of-supply. [12] Ross, S. (2022). How Does Price Elasticity Affect Supply?. Investopedia. Retrieved 17 May 2022, from https://www.investopedia.com/ask/answers/040615/how-does-price-elasticity-affect-supply.asp. Supply Economics laws