CAIE A-Level Economics AS 2.3.2 Pes Formula Questions

Practise calculating price elasticity of supply from percentage changes, equations, tables and supply curves, then interpreting the result for producers.

Exam points

Calculate price elasticity of supply from percentage changes, equations, tables and supply curves, and interpret the result.

[Maximum number: 1]

A firm is producing 100 units at a price of $ 10. The price elasticity of supply is 0.5 and the price is raised to $ 12.

What is the new level of output?

110

125

150

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CAIE A-Level Economics AS 2.3.2 Pes Formula Questions question 1