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1.2.5 Elasticity of supply

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Question 3

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

RegionPrice 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.

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Markscheme

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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