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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2025 · Q81 Mark

The price elasticity of supply (PES) of coffee is calculated as +0.2 for the current year and +2.0 in the long run. Why is the PES of coffee higher in the long run?

ACoffee plants take several years to grow.
BConsumers will not buy coffee at higher prices.
CThere are many substitutes for coffee.
DThere are no stocks of coffee.

✓ Correct answer

A: Coffee plants take several years to grow.

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2025 Paper 1 Variant 1, question 8.

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