A-LevelEconomicsElasticityFeb/Mar 2018Paper 1 Q71 Mark
The table shows three different prices and quantities supplied per week of two products, X and Y. price of X ($) 10 15 20 quantity supplied of X 80 100 110 price of Y ($) 30 40 50 quantity supplied of Y 60 64 80 Which statement about price elasticity of supply (PES) is correct?
AThe PES of X is elastic for a fall in its price from $15 to $10.
BThe PES of X is unitary for a rise in its price from $15 to $20.
CThe PES of Y is elastic for a fall in its price from $40 to $30.
DThe PES of Y is unitary for a rise in its price from $40 to $50.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of elasticity within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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