A-LevelEconomicsPrice ElasticityMay/June 2022Paper 1 Q51 Mark

In which situation is the price elasticity of supply for a product most likely to be relatively low?

Q: What topic does this question test?

This question tests Price Elasticity in A-Level Economics (syllabus code 9708). It is worth 1 mark.

ADemand for the product comes from a wide range of customers.

BProducers in closely related industries can easily switch to making the product.

CManufacture of the product requires highly skilled labour.

DThe main raw material used in the production of the product is in abundant supply.

✓ Correct Answer

The correct answer is C: Manufacture of the product requires highly skilled labour.

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

🔒

Unlock the Examiner's Analysis

Join thousands of Cambridge students already using Oracle Prep

About This A-Level Economics Question

Topic

This multiple-choice question tests Price Elasticity in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics May/June 2022 examination, Paper 1 Variant 2.

Practice on Oracle Prep

Oracle Prep provides AI-powered practice for all Cambridge O-Level and A-Level subjects. Our platform includes topic predictions with 87.7% accuracy, AI essay grading, and a comprehensive question bank spanning 25 years of past papers across 29 subjects.