A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2014 · Q101 Mark
In the diagram OS₁ and OS₂ are two straight-line supply curves. As price increases, the elasticity of supply
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
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 OS₁ and along OS₂.
✓ Correct answer
D: is constant along OS₁ and along OS₂.
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill The price system and the microeconomy and see which topics are most likely to come up next.
Sign up free →