Economics (AS & A Level) · May / June 2025 · Paper 23 · Question 2
9708
As printed in the paper
The question as text
Semi-conductors are widely used in the production of many types of electronic goods such as smartphones. It has been estimated that the price elasticity of supply for semi-conductors is 0.2 in the short run and 0.8 in the long run.
Read automatically from the paper; the printed page above is exact.
Show the answer and mark scheme
2(a)[8]
2(b)[12]
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