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IB Economics SL 2.6.2 Pes Determinants and Diagrams Questions

Practise IB Economics SL 2.6.2 PES determinants and diagrams by explaining time, factor mobility, unused capacity and storage, then applying supply-curve evidence.

Syllabus
First assessment 2022
Course
Economics SL
Level
SL

Exam points

  • PES depends on time, factor mobility, unused capacity, ability to store, and rate of cost increases.
  • Diagram: relatively elastic and relatively inelastic supply.
  • Diagram: perfectly elastic, perfectly inelastic, and unitary PES along a supply curve.

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