Usually means: Responsiveness of quantity supplied to price.
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We found 5 dictionaries that define the word price elasticity of supply:

General (2 matching dictionaries)
  1. Price elasticity of supply: Wikipedia, the Free Encyclopedia
  2. price elasticity of supply: Wiktionary

Business (3 matching dictionaries)
  1. Price elasticity of supply: Financial dictionary
  2. Accounting, Business Studies and Economics Dictionary (No longer online)
  3. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (price elasticity of supply)

noun:  (economics) an economic metric that measures the responsiveness of a quantity supplied of a good to a change in its price, calculated as the percent change in supply over the percent change in price.

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