Economics 9708 · AS & A Level · Price elasticity of supply

Price elasticity of supply — practice question

The diagram illustrates the supply of limestone from quarry X and quarry Y at two different prices. What is the measure of supply responsiveness as the price rises from P1 to P2?

  • ASX: 0; SY: >1
  • BSX: <1; SY: 1
  • CSX: 1; SY: <1
  • DSX: >1; SY: 0

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