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1.2.5 Elasticity of supply

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Question 10

Table 1: Price elasticity of supply for marine protein sources, 2023

ProductPrice elasticity of supply (PES)
Offshore Cage-Farmed Salmon+1.6
Wild-Caught Bluefin Tuna+0.15

With reference to the data in Table 1, explain one likely reason for the difference in the price elasticity of supply between offshore cage-farmed salmon and wild-caught bluefin tuna.

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1.2.5 Elasticity of supply Questions

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

22 exam-style questions on Edexcel A A Level Economics 1.2.5 Elasticity of supply. Each one has a worked solution and a mark scheme showing where the marks go.

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