A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2016 · Q91 Mark
Sx, Sy and Sz are the supply curves of goods X, Y and Z. [Figure X.X] If the price of all three goods rises from $5 to $10, what are their price elasticity of supply values?
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Aequal to 1, equal to 1, equal to 1
Bequal to 1, greater than 1, greater than 1
Cless than 1, equal to 1, greater than 1
Dless than 1, greater than 1, greater than 1
✓ Correct answer
A: equal to 1, equal to 1, equal to 1
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