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Exam-style practice

Price elasticity of supply (PES) answer explanations

Review worked answers and explanations for Price elasticity of supply (PES). Aligned to Cambridge IGCSE Economics.

Answer explanations

Question 1 of 8

Review the answer support, then move sideways through the set.

Paper 2 structured question: Price elasticity of supply (PES)

Paper 2Structured Questions1 marks

Description

Price Elasticity of Supply

Price elasticity of supply (PES) measures how much the quantity supplied of a good changes when its price changes. A PES greater than 1 indicates elastic supply, while a PES less than 1 indicates inelastic supply.

  1. a

    State the meaning of price elasticity of supply.

    [1]