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A Level
Economics AQA
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1.3 Price determination in a competitive market

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Question 28

The diagram below shows two market demand curves ( $D_1\,$ and $D_2$ ) and the market supply curve ( $S$ ) for industrial valves.

Industrial Valves Supply and Demand

What is the price elasticity of supply (PES) of industrial valves when the demand curve shifts from $D_1\,$ to $D_2$ ?

$+ 0.63$

$+ 1.60$

$+ 3.20$

$- 1.60$

1.3 Price determination in a competitive market Questions

A Level
Economics
1.3 Price determination in a competitive market