1.2.5 Elasticity of supply

Question 3

Table 1: Price elasticity of supply for residential housing, 2022

Region	Price elasticity of supply (PES)
London	+0.3
North West England	+1.2

With reference to the data in Table 1, explain one likely reason for the difference in the price elasticity of supply for residential housing between London and North West England.

[4]

1.2.5 Elasticity of supply

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Question 3

Table 1: Price elasticity of supply for residential housing, 2022

Region	Price elasticity of supply (PES)
London	+0.3
North West England	+1.2

With reference to the data in Table 1, explain one likely reason for the difference in the price elasticity of supply for residential housing between London and North West England.

[4]

1.2.5 Elasticity of supply

Question 3

Table 1: Price elasticity of supply for residential housing, 2022

1.2.5 Elasticity of supply Questions

1.2.5 Elasticity of supply

Question 3

Table 1: Price elasticity of supply for residential housing, 2022

1.2.5 Elasticity of supply Questions