The table shows the current and maximum output of two parcel-delivery firms using their existing vans and staff.
| Firm | Current deliveries per day | Maximum deliveries per day |
|---|---|---|
| A | 4,000 | 6,000 |
| B | 4,000 | 4,200 |
The price paid for each delivery rises for both firms.
Explain which firm is likely to have the more price elastic supply.
236 exam-style questions on AQA GCSE Economics 1.3 How prices are determined, covering 1.3.1a Demand and the factors that influence it, 1.3.1b The demand curve, 1.3.2a Supply and the factors that influence it, 1.3.2b The supply curve, 1.3.3a Determining equilibrium price, 1.3.3b Applying diagrams and showing revenue, 1.3.4a Complements and substitutes, 1.3.4b Effects of changes on related markets, 1.3.5a Price elasticity of demand, 1.3.5b Factors affecting price elasticity of demand, 1.3.5c Measuring PED and its implications, 1.3.6a Price elasticity of supply, 1.3.6b Factors affecting price elasticity of supply, and 1.3.6c Measuring PES and its implications. Each one has a worked solution and a mark scheme showing where the marks go.