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CAIE A-Level Economics AS 2.3.1 Price Elasticity of Supply Questions

Practise defining and calculating price elasticity of supply, then interpreting elastic, inelastic and unitary supply responses for producers.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • Define and calculate price elasticity of supply and interpret elastic, inelastic and unitary supply responses.

CAIE A-Level Economics AS 2.3.1 Price Elasticity of Supply Questions 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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