Economics (AS & A Level) · May / June 2021 · Paper 12 · Question 5
9708Price elasticity of supply
Which statement about price elasticity of supply is correct?
- AIt cannot change in the short run.
- BIt increases as the time period lengthens.
- CIt is infinite in the momentary time period.
- DIt is zero in the long run.
As printed in the paper
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Correct answer: B. It increases as the time period lengthens.
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