O-LevelEconomicsThe allocation of resources2281/12 · May/June 2025 · Q81 Mark

The supply of which good is likely to be most price elastic?

Ano; one day

Bno; one year

Cyes; one day

Dyes; one year

✓ Correct answer

C: yes; one day

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2025 Paper 1 Variant 2, question 8.

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