CAIE IGCSE Economics 2.7.3 Determinants of Pes Questions
Practise Cambridge IGCSE Economics by explaining why supply is elastic or inelastic across products and time periods.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Explain determinants of price elasticity of supply, including time and storage.
- Compare elastic and inelastic supply for different products and production periods.
- Apply PES determinants to analyse producer responsiveness to price changes.
CAIE IGCSE Economics 2.7.3 Determinants of Pes Questions question 1
[Maximum number: 1]
The supply of which good is likely to be most price elastic?
the good is
easily stored
time taken to
produce the good
no
one day
no
one year
yes
one day
yes
one year
C
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