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O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2025 · Q71 Mark

When the price of butter increased by 10%, the quantity supplied of butter increased by 20%. What is the price elasticity of supply (PES) of butter?

A-2.0
B-0.5
C+0.5
D+2.0

✓ Correct answer

D: +2.0

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2025 Paper 1 Variant 2, question 7.

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