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2.3 Supply

2.3 Supply

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Question 5

Which product is most likely to have relatively price-inelastic supply in the very short run?

[1]
A

Digital downloads

B

Factory-made notebooks when spare capacity exists

C

Seats for tonight's sold-out theatre performance

D

Bread produced by several bakeries with unused ovens

Markscheme

2.3 Supply Questions

  1. GCSE
  2. /Economics
  3. /2.3 Supply

36 exam-style questions on OCR GCSE Economics 2.3 Supply, covering 2.3.1 What is supply, 2.3.2 Draw a supply curve using data, 2.3.3 Explain a supply curve, 2.3.4 Shifts and movements of the supply curve, 2.3.5 Causes and consequences of supply changes, 2.3.6 Price elasticity of supply, 2.3.7 Draw supply curves of different elasticity, and 2.3.8 Importance of price elasticity of supply. Each one has a worked solution and a mark scheme showing where the marks go.

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