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Economics (AS & A Level) · May / June 2026 · Paper 12 · Question 6

9708Price elasticity of supply

If the price elasticity of supply for a good is three and the price of the good increases by 10%, what is the increase in quantity supplied?

  1. A3%
  2. B7%
  3. C30%
  4. D33.3%

As printed in the paper

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Correct answer: C. 30%

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