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Price elasticity of supply

Past-paper questions pack

Name
Class
Date set
Date due
Score/ 51

Questions are numbered; the mark schemes (the answer key) follow on separate pages so the question pages can be handed out alone. www.economicsaleveltutor.com

Pearson Edexcel AS and A-level Economics past-paper questions since 2016 · 14 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2025 · Paper 1 · Q2(a) · 4 marks · AO1=2,AO2=1,AO3=1
(a) With reference to the data above, explain the likely numerical value of the price elasticity of supply for oil. (4)
2. June 2025 · AS Paper 1 · Q6(c) · 6 marks ·
(c) With reference to the last paragraph of Extract B, explain two factors which are likely to influence price elasticity of supply. (6)
3. June 2024 · Paper 1 · Q2(a) · 4 marks · AO1=2,AO2=1,AO3=1
(a) With reference to the data above, explain one likely reason for the difference in the price elasticity of supply. (4)
4. June 2024 · Paper 1 · Q2(b) · 1 marks ·
(b) In Texas the price elasticity of supply is +1.8. Which one of the following is the percentage increase in price if the quantity of housing supplied in Texas is increased by 12%? (1) A 0.15 B 1.50 C 6.67 D 21.60
5. June 2023 · AS Paper 1 · Q2(a) · 3 marks · AO1=1,AO2=1,AO3=1
(a) Using the data provided, explain one likely factor that may influence the price elasticity of supply of gas. (3)
6. June 2023 · AS Paper 1 · Q2(b) · 1 marks ·
(b) The table below shows estimates of the price elasticity of supply and price elasticity of demand for gas. Natural Gas Price elasticity of supply + 0.14 Price elasticity of demand - 0.10 (Source: adapted from http://www.usaee.org/usaee2013/submissions/Abs/Ponce_ Neumann_Elasticities_gas_supply.pdf, http://www.mackinac.org/1247) Which one of the following can be inferred from the table? (1) A A 10% increase in the price of gas would cause a more than 10% increase in the supply B Gas is a normal good with income inelastic demand C The demand and supply of gas are both price inelastic D The demand for gas is more responsive to changes in price than supply
7. June 2022 · AS Paper 1 · Q5(a) · 3 marks · AO1=1,AO2=1,AO3=1
(a) Explain one reason why flour producers might find it difficult to increase quantity supplied in the short run. (3)
8. June 2022 · AS Paper 1 · Q5(b) · 1 marks ·
(b) A manufacturer has estimated that the price elasticity of supply of ice cream is +1.5. If the demand for ice cream rises and the price increases by 10%, which one of the following is the resulting percentage change in supply? (1) A 0.15% B 1.5% C 6.67% D 15%
9. June 2022 · Paper 1 · Q6(b) · 8 marks · AO1=2,AO2=2,AO3=2,AO4=2
(b) With reference to Figure 2 and your understanding of price elasticity, examine two factors that may cause significant changes in the international price of coffee beans. (8)
10. June 2019 · Paper 1 · Q1(a) · 2 marks · AO2=2
(a) With reference to the data provided, calculate the price elasticity of supply for new house builds between 2016 and 2017. You are advised to show your workings. (2)
11. June 2019 · Paper 1 · Q1(b) · 1 marks · AO2=1
(b) A 2.5% increase in new build house prices in one region of the UK causes a 10% increase in the number of houses built. Ceteris paribus, this suggests that supply of new house builds is: (1) A perfectly price elastic B perfectly price inelastic C relatively price elastic D relatively price inelastic
12. June 2019 · Paper 1 · Q1(c) · 2 marks · AO1=1,AO3=1
(c) Explain one factor that is likely to determine the price elasticity of supply of new house builds. (2)
13. June 2018 · AS Paper 1 · Q6(b) · 10 marks · AO1=2,AO2=2,AO3=2,AO4=4
(b) With reference to Extract A and your own knowledge, assess whether the supply of uranium is likely to be price elastic or price inelastic. (10)
14. June 2016 · AS Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=2,AO3=2
(a) With reference to Figure 1, explain one possible reason for the differences in price elasticity of supply of new housing between countries. (5)

Mark schemes

1. June 2025 · Paper 1 · Q2(a)
Mark scheme June 2025 Paper 1 Q2(a)
2. June 2025 · AS Paper 1 · Q6(c)
Mark scheme June 2025 Paper 1 Q6(c)
3. June 2024 · Paper 1 · Q2(a)
Mark scheme June 2024 Paper 1 Q2(a)
4. June 2024 · Paper 1 · Q2(b)
Mark scheme June 2024 Paper 1 Q2(b)
5. June 2023 · AS Paper 1 · Q2(a)
Mark scheme June 2023 Paper 1 Q2(a)
6. June 2023 · AS Paper 1 · Q2(b)
Mark scheme June 2023 Paper 1 Q2(b)
7. June 2022 · AS Paper 1 · Q5(a)
Mark scheme June 2022 Paper 1 Q5(a)
8. June 2022 · AS Paper 1 · Q5(b)
Mark scheme June 2022 Paper 1 Q5(b)
9. June 2022 · Paper 1 · Q6(b)
Mark scheme June 2022 Paper 1 Q6(b)
10. June 2019 · Paper 1 · Q1(a)
Mark scheme June 2019 Paper 1 Q1(a)
11. June 2019 · Paper 1 · Q1(b)
Mark scheme June 2019 Paper 1 Q1(b)
12. June 2019 · Paper 1 · Q1(c)
Mark scheme June 2019 Paper 1 Q1(c)
13. June 2018 · AS Paper 1 · Q6(b)
Mark scheme June 2018 Paper 1 Q6(b)
14. June 2016 · AS Paper 1 · Q6(a)
Mark scheme June 2016 Paper 1 Q6(a)