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

Price elasticity of supply (PES) — practice question

The markets for four products are each in equilibrium. The table shows the price elasticity of supply (PES) value for every product. For each product, demand moves rightward by 5000 units at every price. Which product will experience the greatest rise in price?

  • A0
  • B0.6
  • C1.0
  • D2.5

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