The diagram shows the supply curve for a good. 100 140 quantity price ($) S What is the price elasticity of supply when the price rises from $10 to $12?

2281_w20_qp_12

MCQ

2020

Paper 1, Variant 2

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The markets of four products are all in equilibrium. The table gives the value of the price elasticity of supply (PES) for each product. The demand for each product shifts to the right by 5000 units at all prices. Which product will have the largest price increase?

2281_w23_qp_12

MCQ

2023

Paper 1, Variant 2

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In the diagram, which line represents perfectly inelastic supply?

2281_w24_qp_13

MCQ

2024

Paper 1, Variant 3

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What is an important influence on price elasticity of demand?

2281_s06_qp_1

MCQ

2006

Paper 1, Variant 0

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Russia exports wheat. In 2010, a bad harvest led the Russian government to prevent the export of wheat, to ensure enough supplies were kept for domestic use. What was the most likely outcome of the government’s action?

2281_s15_qp_11

MCQ

2015

Paper 1, Variant 1

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Russia exports wheat. In 2010, a bad harvest led the Russian government to prevent the export of wheat, to ensure enough supplies were kept for domestic use. What was the most likely outcome of the government’s action?

2281_s15_qp_12

MCQ

2015

Paper 1, Variant 2

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Why is the energy supply industry dominated by very large firms in many economies?

2281_s19_qp_11

MCQ

2019

Paper 1, Variant 1

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25 % of both rural and urban consumers were reported to prefer products from Japan when buying electronic goods. Which combination of characteristics are the Japanese electronic goods likely to have which persuade consumers to make this choice?

2281_w08_qp_1

MCQ

2008

Paper 1, Variant 0

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Russia exports wheat. In 2010, because of a bad harvest, the Russian Government prevented the export of wheat to keep enough supplies for domestic use. What happened as a result of the government’s action?

2281_w12_qp_13

MCQ

2012

Paper 1, Variant 3

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