A-LevelEconomicsElasticityMay/June 2025Paper 1 Q81 Mark
The diagram shows the short-run supply curve (SSR) and long-run supply curve (SLR) for a bakery. The price of a loaf of bread increases from $2.00 to $2.20. [Figure 8.1] What is the bakery's price elasticity of supply (PES) in the short run and in the long run when the price of a loaf of bread increases?
A0.5, 2.0
B0.5, 1.4
C2.0, 0.7
D2.0, 0.5
✓ Correct Answer
The correct answer is A: 0.5, 2.0
📋 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
Sign up for free to reveal the full examiner report, trap analysis, and mark scheme breakdown for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep