CAIE IGCSE Economics 2.7.2 Calculation of Pes Questions
Practise Cambridge IGCSE Economics by calculating PES, classifying supply responsiveness and interpreting supply curves.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Calculate price elasticity of supply from percentage changes in price and quantity supplied.
- Interpret PES values as elastic, inelastic or perfectly inelastic supply.
- Use supply schedules and curves to compare responsiveness to price changes.
CAIE IGCSE Economics 2.7.2 Calculation of Pes Questions question 1
[Maximum number: 1]
The price of fish has increased from $ 3.00 to $ 4.80. The quantity supplied of fish has increased from 100 units to 130 units.
What is the price elasticity of supply (PES) of fish?
A
0.5
B
1.3
C
1.8
D
2
A
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