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Edexcel IGCSE Economics 1.1.4 L Interpreting Pes Values Questions

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.

Edexcel IGCSE Economics 1.1.4 L Interpreting Pes Values Questions 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

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