◈ Oracle PrepSign Up Free
O-LevelEconomicsThe allocation of resources2281/11 · May/June 2010 · Q91 Mark

The diagram shows the supply curve for a good. What is the price elasticity of supply when the price rises from $2 to $4? [Figure 9]

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

A0.2
B0.5
C1
D2

✓ Correct answer

B: 0.5

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill The allocation of resources and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2010 Paper 1 Variant 1, question 9.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

The allocation of resourcesMay/June 20111m

Which action by the operators of an airport directly reduces external costs?

The allocation of resourcesMay/June 20111m

Which change must occur when a firm starts to experience diseconomies of scale?

The allocation of resourcesMay/June 20111m

If a firm increases its output in the short run, what will happen to its average fixed cost (AFC)?

Economic developmentMay/June 20111m

Net migration is the difference in a particular year between

International trade and globalisationMay/June 20111m

Which item would appear as a credit item in Pakistan's current account of the balance of payments?

International trade and globalisationMay/June 20111m

A government may use customs barriers to restrict free trade. What is an economic reason for doing this?

← Browse all past-paper questions

© 2026 Oracle Prep