Question 9June 20269708/111 mark
What is not a factor affecting price elasticity of supply?
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Paper 1 multiple-choice questions and Paper 2 data-response/essay questions, from the original Cambridge material. Paper 2 mark schemes and case studies are reproduced as images of the official pages rather than retyped, so nothing is lost or paraphrased; a question tagged under more than one topic appears under each. Tick “Add to my paper” on any question to build a custom practice PDF from the tray in the corner.
About Price elasticity of supply
Questions on price elasticity of supply: calculating it, reading it from supply curves, and how time, spare capacity and stocks affect how far supply responds to price.
91 past paper questions on this topic since 2020, across 20 exam sessions.
How often it comes up
| Year | Paper 1 | Paper 2 | Total | Chart |
|---|---|---|---|---|
| 2026 | 5 | 1 | 6 | |
| 2025 | 8 | 6 | 14 | |
| 2024 | 10 | 5 | 15 | |
| 2023 | 12 | 2 | 14 | |
| 2022 | 13 | 3 | 16 | |
| 2021 | 10 | 1 | 11 | |
| 2020 | 11 | 4 | 15 |
Every 2025–2026 question on Price elasticity of supply
The whole topic on one page, with answers and mark schemes. Printing this page prints just this list.
Paper 1 · Multiple choice (13)
Question 6June 20269708/121 mark
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?
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Question 8June 20269708/131 mark
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Question 6June 20269708/141 mark
A good has a price elasticity of supply of 2.0. The current quantity supplied is 300 units per week at a market price of $20 per unit.
The firm raises the price to $25 per unit.
What will the new quantity supplied be per week?
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Question 9March 20269708/121 mark
How might a firm raise the value of the price elasticity of supply for its product?
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Question 10November 20259708/131 mark
Four firms produce furniture. The table shows the price elasticity of supply (PES) for each firm.
If the price of furniture rises by 5% which firm would experience an increase in quantity supplied of 2.5%?
PES for firm furniture
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Question 6November 20259708/141 mark
Which factor affects the price elasticity of supply of a product?
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Question 8June 20259708/111 mark
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Question 8June 20259708/121 mark
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Question 6June 20259708/131 mark
A theatre has a fixed number of tickets to sell for each performance.
What is the price elasticity of supply?
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Question 11June 20259708/131 mark
A construction firm estimates that the price elasticity of supply in building a nuclear power plant is +0.1.
What might explain this?
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Question 9June 20259708/141 mark
What is the likely nature of the price elasticity of supply of a crop such as rice?
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Question 6March 20259708/121 mark
What will influence the value of the price elasticity of supply of a good?
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Paper 2 · Data response and essays (7)
Question 2(b)June 20269708/2312 marks
Assess the extent to which restricting the supply of pomegranates may benefit small producers. [12]
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Question 2(b)November 20259708/2312 marks
Assess the ways in which producers of root ginger might be able to stabilise their incomes. [12]
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Question 3(a)November 20259708/248 marks
Explain what determines elastic and inelastic price elasticity of supply (PES) and consider the extent to which the value of PES may differ between an agricultural good and a manufactured good. [8]
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Question 3(b)June 20259708/2212 marks
Assess the extent to which knowledge of a product’s price elasticity of supply is the most useful measure of elasticity to a firm needing to react quickly to changes in its market. [12]
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Case study: How onions became a luxury good in the Philippines
Question 1(b)June 20259708/232 marks
Is the short-run price elasticity of supply of red onions elastic or inelastic? Justify your answer. [2]
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Question 2(a)June 20259708/238 marks
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.
Explain what these estimates mean for producers of smartphones that use semi-conductors and consider the significance of the long-run estimate. [8]
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Question 2(b)June 20259708/2312 marks
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.
Assess the likely effects on resource allocation of a continuing increase in demand for semi-conductors. [12]
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71 more questions from 2020–2024
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AS Level Economics questions by topic
Each topic opens this practice tool with only that topic’s questions, plus how often it comes up and every question on it in one list.
- Unit 1Basic economic ideas and resource allocation
- Ch 1Scarcity, choice and opportunity cost
- Ch 2Economic methodology
- Ch 3Factors of production
- Ch 4Resource allocation in different economic systems
- Ch 5Production possibility curves
- Ch 6Classification of goods and services
- Unit 2The price system and the microeconomy
- Ch 7Demand and supply curves
- Ch 8Price elasticity, income elasticity and cross elasticity of demand
- Ch 9Price elasticity of supply
- Ch 10The interaction of demand and supply
- Ch 11Consumer and producer surplus
- Unit 3Government microeconomic intervention
- Ch 12Reasons for government intervention in markets
- Ch 13Methods and effects of government intervention in markets
- Ch 14Addressing income and wealth inequality
- Unit 4The macroeconomy
- Ch 15National income statistics
- Ch 16Introduction to the circular flow of income
- Ch 17Aggregate demand and aggregate supply analysis
- Ch 18Economic growth
- Ch 19Unemployment
- Ch 20Price stability
- Unit 5Government macroeconomic intervention
- Ch 21Government macroeconomic policy objectives
- Ch 22Fiscal policy
- Ch 23Monetary policy
- Ch 24Supply-side policy
- Unit 6International economic issues
- Ch 25The reasons for international trade
- Ch 26Protectionism
- Ch 27Current account of the balance of payments
- Ch 28Exchange rates
- Ch 29Policies to correct imbalances in the current account of the balance of payments