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

Price elasticity of supply (PES) — practice question

The diagram illustrates the supply curve for a good. Calculate the price elasticity of supply when the price increases from $\$2$ to $\$4$?

  • A$0.2$
  • B$0.5$
  • C$1$
  • D$2$

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