Edexcel IGCSE Economics 1.1.4.l interpret PES values
Practise PES interpretation questions by matching numerical values to elasticity categories such as elastic or perfectly inelastic.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- Interpret PES values such as 0, 0.5, 1 and 1.5 using elasticity categories.
- Distinguish price elastic from price inelastic supply using the numerical PES value.
1.1.4.l Interpreting PES values question 1
[Maximum number: 1]
Which one of the following values shows perfectly price inelastic supply?
A
0
B
0.5
C
1
D
2
D
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