1.2.5 Elasticity of supply

Question 6

Table 1: Price elasticity of supply for salmon products, 2023

Product Type	Price elasticity of supply (PES)
Wild-caught Salmon	+0.25
Farm-raised Salmon	+1.35

With reference to the data in Table 1, explain one likely reason for the difference in the price elasticity of supply between wild-caught salmon and farm-raised salmon.

[4]

1.2.5 Elasticity of supply

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Question 6

Table 1: Price elasticity of supply for salmon products, 2023

Product Type	Price elasticity of supply (PES)
Wild-caught Salmon	+0.25
Farm-raised Salmon	+1.35

With reference to the data in Table 1, explain one likely reason for the difference in the price elasticity of supply between wild-caught salmon and farm-raised salmon.

[4]

1.2.5 Elasticity of supply

Question 6

Table 1: Price elasticity of supply for salmon products, 2023

1.2.5 Elasticity of supply Questions

1.2.5 Elasticity of supply

Question 6

Table 1: Price elasticity of supply for salmon products, 2023

1.2.5 Elasticity of supply Questions