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CAIE A-Level Economics 2.3.1 Price Elasticity of Supply

Practise defining PES as the proportionate responsiveness of quantity supplied to a price change and distinguishing it from absolute supply changes or demand effects.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • state PES as percentage change in quantity supplied divided by percentage change in price
  • distinguish proportionate responsiveness from an absolute quantity change or a shift caused by demand

2.3.1—Price elasticity of supply question 1

[Maximum number: 1]

What is price elasticity of supply?

A

the change in the quantity supplied when a price changes

B

the change in the quantity supplied when demand changes

C

the comparison of the proportionate change in supply to the proportionate change in demand

D

the comparison of the proportionate change in supply to the proportionate change in price

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