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

Price elasticity of supply — practice question

Which explanation best accounts for the fact that the price elasticity of supply (PES) is likely to be lower for fresh vegetables produced inside a country than for goods manufactured in that same country?

  • AAlternative supplies can be flown in from foreign producers.
  • BA positive price change encourages a positive output change along the supply curve.
  • CFresh vegetables has a horizontal supply curve.
  • DThere is a seasonal time lag involved in planting and harvesting more fresh vegetables.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI