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CAIE A-Level Economics AS 2.3.4 Pes Determinants Questions

Practise explaining how capacity, stocks, time, factor mobility and production type affect price elasticity of supply, and evaluate policies that increase PES.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • Explain how capacity, stocks, time, factor mobility and production type affect price elasticity of supply, and evaluate policies that increase PES.

CAIE A-Level Economics AS 2.3.4 Pes Determinants Questions question 1

[Maximum number: 1]

A firm establishes that the price elasticity of supply of its product has a value of 0.3. What is likely to be true about the firm?

A

It has unused productive capacity.

B

It has a lot of stock of its product.

C

It uses a high proportion of perishable raw materials.

D

It uses factors of production that are easily substituted.

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