A-LevelEconomicsElasticityOct/Nov 2010Paper 1 Q131 Mark
In the diagram OS₁ and OS₂ are two straight-line supply curves. [Figure 13.1] As price increases, the elasticity of supply
Adecreases along both OS₁ and OS₂.
Bincreases less rapidly along OS₁ than along OS₂.
Cincreases more rapidly along OS₁ than along OS₂.
Dis constant along both OS₁ and OS₂.
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The correct answer is D. This question tests the candidate's understanding of elasticity within the Economicssyllabus. The examiner's mark scheme requires...
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