A-LevelEconomicsElasticityMay/June 2018Paper 1 Q81 Mark
The price elasticity of supply of a good is +2. The quantity supplied originally was 200 units. The price increases by 30%. What will be the quantity supplied after the price increase?
A80 units
B140 units
C260 units
D320 units
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of elasticity within the Economicssyllabus. The examiner's mark scheme requires...
📋 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...
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