O-LevelEconomicsThe allocation of resources2281/13 · Oct/Nov 2025 · Q71 Mark

The price of fish has increased from $3.00 to $4.80. The quantity supplied of fish has increased from 100 units to 130 units. What is the price elasticity of supply (PES) of fish?

A0.5

B1.3

C1.8

✓ Correct answer

A: 0.5

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2025 Paper 1 Variant 3, question 7.

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