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ECON1
WWW.AQUINASECONOMICSAS.CO.UK
@AQUINASECONOMIC
Price Elasticity of Supply
Answer all the questions below
1. Explain t...
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Price elasticity of supply

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AQA, Aquinas, Economics, ECON1, Markets, Market Failure

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Price elasticity of supply

  1. 1. ECON1 WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC Price Elasticity of Supply Answer all the questions below 1. Explain the concept of Price Elasticity of Supply 2. What is the calculation for Price Elasticity of Supply 3. Explain what is meant by a commodity 4. What would be the factors which affected Price Elasticity of Supply? 5. Give an example of where supply would be perfectly inelastic and explain why this may be the case?

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