Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  2. Economics AQA
  3. Question bank

1.3 Price determination in a competitive market

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354
Question 1

According to standard economic theory, the price elasticity of supply (PES) for most goods and services is

negative.

equal to zero.

positive.

between zero and -1.

1.3 Price determination in a competitive market Questions

  1. A Level
  2. /Economics
  3. /1.3 Price determination in a competitive market