Skip to content
MathsGenie logo
Open app

Course home

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

1.2.5 Elasticity of supply

EasyMedium
123456789101112
Question 2

A manufacturer of specialised lithium-ion battery packs has calculated that the price elasticity of supply (PES) for its battery cells is +1.25. If a global surge in electric vehicle production causes the market price of these cells to rise by 16%, which one of the following is the resulting percentage change in the quantity supplied?

2.0%2.0\%2.0%

12.8%12.8\%12.8%

20.0%20.0\%20.0%

7.8%7.8\%7.8%

1.2.5 Elasticity of supply Questions

  1. A Level
  2. /Economics
  3. /1.2.5 Elasticity of supply