Edexcel IGCSE Economics 1.1.4.m factors influencing PES
Practise PES-factor questions by naming a supply factor and explaining how quickly firms can respond to price changes in production.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- State a factor affecting PES, such as stocks, spare capacity, time or inputs.
- Link a supply factor to how quickly firms can respond to a price rise.
1.1.4.m Factors influencing PES question 1
[Maximum number: 1]
State one factor that would affect price elasticity of supply (PES).
A01 1 mark
Award 1 mark for one correct factor
- Factors of production
- Availability of stocks
- Spare capacity
- Time
(1)
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