Price Elasticity of Supply - Selected Supply Elasticities

Selected Supply Elasticities

  • Heating Oil
    • 1.57 (Short Run)
  • Gasoline
    • 1.61 (Short Run)
  • Tobacco
    • 7.0 (Long Run)
  • Housing
    • 1.6–3.7 (Long Run)
  • Cotton
    • 0.3 (Short Run)
    • 1.0 (Long Run)
  • Steel
    • 1.2 (Long Run, from Minimills)

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