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

Price elasticity of supply (PES) — practice question

The table presents the quantity suppliers are prepared to provide at different price levels. If the price rises from $120 to $180, what is the price elasticity of supply?

  • A0.16
  • B4
  • C6
  • D60

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