5 questions on Price Elasticity of Supply (Edexcel specification 1.2.5) from the A-Level Economics papers, 2016–2022. Every question links to the official mark scheme at the page its answer begins on.
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With reference to Figure 2 and your understanding of price elasticity, examine two factors that may cause significant changes in the international price of coffee beans.
1.2.5 Price Elasticity of Supply · 1.2.6 Price Determination
Examine two ways, apart from Fairtrade schemes, in which cocoa farmers could boost their incomes despite the falling price of cocoa.
4.3.3 Development Strategies · 1.2.5 Price Elasticity of Supply
With reference to Extract A and your own knowledge, assess whether the supply of uranium is likely to be price elastic or price inelastic.
With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic effects on Indonesia of the volatility of prices of commodities such as coal.
One of two options in Section B — candidates answered this or the other.
With reference to Figure 1, explain one possible reason for the differences in price elasticity of supply of new housing between countries.
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