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Elasticity

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Question 44

Medical Isotope Production at Maximum Thermal Capacity to Treat Oncology Patients

The world's only specialised nuclear research reactor capable of producing the therapeutic medical isotope Lutetium-177 is currently operating at 100% thermal capacity, running 24 hours a day to meet a global surge in oncology treatment demand.

Explain what the price elasticity of supply (PES) is likely to be for Lutetium-177 in the short run.

[2]

Elasticity Questions

  1. A Level
  2. /Economics
  3. /Elasticity