The table shows the effect of a change in the market price from $5 to $6 on the supply of mobile phones. price ($) supply 10 000 15 000 Which statement about the price elasticity of supply of mobile phones is correct?

0455_m19_qp_12

MCQ

2019

Paper 1, Variant 2

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The table shows the supply schedule for a good. price ($) quantity (000) What is the price elasticity of supply when price increases from $1 to $3?

0455_m21_qp_12

MCQ

2021

Paper 1, Variant 2

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The diagram shows the supply curve for a good. price ($) quantity S What is the price elasticity of supply when the price rises from $2 to $4?

0455_s10_qp_11

MCQ

2010

Paper 1, Variant 1

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The diagram shows the supply curve for a good. price ($) quantity S What is the price elasticity of supply when the price rises from $2 to $4?

0455_s10_qp_12

MCQ

2010

Paper 1, Variant 2

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A product has a price elasticity of supply of +2. A change in price causes the quantity supplied to change from 100 units to 120 units. What is the price change?

0455_s15_qp_12

MCQ

2015

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In response to an increase in price from $5 per kilo to $6 per kilo a chicken farmer increased supply from 400 kilos to 500 kilos per week. What is the price elasticity of supply?

0455_s17_qp_12

MCQ

2017

Paper 1, Variant 2

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The diagram shows the supply curve for a good. price ($) quantity S What is the price elasticity of supply when the price rises from $2 to $4?

0455_s18_qp_11

MCQ

2018

Paper 1, Variant 1

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The diagram shows the supply curve for a good. price ($) quantity S What is the price elasticity of supply when the price rises from $2 to $4?

0455_s18_qp_12

MCQ

2018

Paper 1, Variant 2

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The diagram shows the supply curve for a good. price ($) quantity S What is the price elasticity of supply when the price rises from $2 to $4?

0455_s18_qp_13

MCQ

2018

Paper 1, Variant 3

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Lithium is an essential metal for the production of electric cars. Following a 10% increase in the price of lithium, supplies increase by 15%. This led to a 5% increase in the price of electric cars. What is the price elasticity of supply (PES) for lithium?

0455_s20_qp_11

MCQ

2020

Paper 1, Variant 1

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