0455.2.8.1 — definition of PES.: past paper questions
Real questions on 0455.2.8.1 — definition of pes.
The newest 5 of 5 written questions. Open one to see it on the real paper.
- 0455/22 · February/March 2025 · Q2c[6]
Analyse the influences on whether supply of a product is elastic or inelastic.
See it on the paper → - 0455/21 · October/November 2023 · Q5c[6]
the key determinants of price elasticity of supply of a product.
See it on the paper → - 0455/12 · May/June 2021 · Q8[1]
What is the price elasticity of supply?
See it on the paper → - 0455/22 · February/March 2020 · Q2a[2]
State the formula for calculating the price elasticity of supply (PES).
See it on the paper → - 0455/22 · October/November 2019 · Q5b[4]
Why the concept of price elasticity of supply (PES) may be useful to a government in deciding whether to subsidise the production of a product.
See it on the paper →
What examiners said
There were some excellent answers which analysed the key influences on whether the supply of a product is elastic or inelastic. However, some candidates identified some relevant influences but showed confusion over whether these are likely to make supply elastic or inelastic. Other candidates analysed what could cause changes in supply and a disappointing proportion of candidates analysed the infl...
— Examiner report, February/March 2025, 0455/22 Q2(c) (Cambridge)
Some candidates discussed price elasticity of demand rather than price elasticity of supply while others confused elastic and inelastic supply. A number of candidates wrote in general about price elasticity of supply which did not answer the question. It is important for candidates to read the question set carefully and then use the key concepts that they have learnt accurately.
— Examiner report, October/November 2019, 0455/22 Q5(b) (Cambridge)
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