Economics 0455 · IGCSE · Price elasticity of supply (PES)

Price elasticity of supply (PES) — practice question

The diagram illustrates the supply curve for a good. What is the price elasticity of supply as the price rises from $\$2$ to $\$4$?

  • A0.2
  • B0.5
  • C1
  • D2

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