Edexcel IGCSE Economics 1.1.4 I Pes Formula Questions
Practise recalling the PES formula accurately so calculation answers can start with the correct percentage-change relationship.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- state the PES formula as percentage change in quantity supplied divided by percentage change in price
Edexcel IGCSE Economics 1.1.4 I Pes Formula Questions question 1
[Maximum number: 1]
State the formula for price elasticity of supply (PES).
A01 1 mark
Award 1 mark for correct formula in words/as an equation \% change in quantity supplied
\% change in price
(1)
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