A furniture firm makes tables. Which of these would make the supply of its tables more price elastic?
Keeping a larger stock of finished tables in its warehouse
Switching to a table design that takes twice as long to make
Running its workshop at full capacity every week
Hiring carpenters whose skills suit only one type of table
81 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.