Price elasticity of supply (PES)
2.7What the syllabus asks of you
- Definition of PES
- Calculation of PES: calculation of PES using the formula
- Calculation of PES: interpretation of the significance of the PES value: perfectly inelastic, inelastic, unitary, elastic, perfectly elastic
- Calculation of PES: drawing and interpretation of supply curve diagrams to show different PES
- Determinants of PES: main influences on whether supply is elastic or inelastic
Read the notes first
Chapter 2: Price elasticity of supply (PES)
Drill this topic
Every question on Price elasticity of supply (PES), untimed, marked as you go.
Make a worksheet
Choose the years and how many questions, then print it with the answers on separate pages.
18 questions
1May / June 2026 · Paper 11 · Q6Show mark scheme →
A0.5
B0.75
C1.4
D2.0
Mark scheme
2Oct / Nov 2025 · Paper 12 · Q7Show mark scheme →
A−2.0
B−0.5
C+0.5
D+2.0
Mark scheme
3Oct / Nov 2025 · Paper 13 · Q7Show mark scheme →
A0.5
B1.3
C1.8
D2
Mark scheme
4May / June 2025 · Paper 11 · Q8Show mark scheme →
ACoffee plants take several years to grow.
BConsumers will not buy coffee at higher prices.
CThere are many substitutes for coffee.
DThere are no stocks of coffee.
Mark scheme
5May / June 2025 · Paper 12 · Q8Show mark scheme →
Ano / one day
Bno / one year
Cyes / one day
Dyes / one year
Mark scheme
6Oct / Nov 2024 · Paper 13 · Q8Show mark scheme →
AA
BB
CC
DD
Mark scheme
7May / June 2024 · Paper 12 · Q8Show mark scheme →
A0.8
B0.9
C1.2
D1.25
Mark scheme
8Oct / Nov 2023 · Paper 12 · Q6Show mark scheme →
A0
B0.6
C1.0
D2.5
Mark scheme
9May / June 2023 · Paper 11 · Q6Show mark scheme →
Athe percentage change in price divided by the change in quantity supplied
Bthe percentage change in price divided by the percentage change in quantity supplied
Cthe percentage change in quantity supplied divided by the change in price
Dthe percentage change in quantity supplied divided by the percentage change in price
Mark scheme
10Oct / Nov 2022 · Paper 13 · Q7Show mark scheme →
Athe degree of necessity of the product
Bthe level of spare capacity in the industry
Cthe price of substitutes
Dthe proportion of income spent on the product
Mark scheme
11May / June 2022 · Paper 11 · Q9Show mark scheme →
AIt can increase revenue by reducing the price.
BIt can quickly respond to changes in price.
CIt keeps very low volumes of product in stock.
DIt produces a good that has close substitutes.
Mark scheme
12May / June 2021 · Paper 11 · Q8Show mark scheme →
A0.8
B0.9
C1.2
D1.25
Mark scheme
13May / June 2021 · Paper 12 · Q8Show mark scheme →
A0.8
B0.9
C1.2
D1.25
Mark scheme
14Oct / Nov 2020 · Paper 12 · Q7Show mark scheme →
A0.5
B0.75
C1.4
D2.0
Mark scheme
15May / June 2020 · Paper 11 · Q7Show mark scheme →
A0.33
B0.66
C1.50
D2.0
Mark scheme
16May / June 2018 · Paper 11 · Q7Show mark scheme →
A0.2
B0.5
C1
D2
Mark scheme
17May / June 2018 · Paper 12 · Q7Show mark scheme →
A0.2
B0.5
C1
D2
Mark scheme
18May / June 2017 · Paper 12 · Q4Show mark scheme →
A0.8
B0.9
C1.2
D1.25
Mark scheme