Economics (AS & A Level) · Feb / March 2021 · Paper 12 · Question 10

What is the likely price elasticity of supply of highly perishable goods and goods that have low stocks?

1. Ahighly perishable goods elastic; goods that have low stocks elastic
2. Bhighly perishable goods elastic; goods that have low stocks inelastic
3. Chighly perishable goods inelastic; goods that have low stocks elastic
4. Dhighly perishable goods inelastic; goods that have low stocks inelastic

As printed in the paper