A sleeper train operator sells berths on an overnight service. Table 1 shows the number of berths the operator would offer at two fares, for tonight's departure and for a departure one month from now.
| Fare per berth | Berths supplied tonight | Berths supplied in one month |
|---|---|---|
| £80 | 180 | 180 |
| £100 | 180 | 240 |
Using Table 1, explain how the price elasticity of supply of berths differs between tonight's departure and the departure in one month.
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.