0455.2.8.2 — calculation of PES Calculation of PES using the formula and interpreting the significance of the result. Drawing and interpretation of suppl: past paper questions
Real questions on 0455.2.8.2 — calculation of pes calculation of pes using the formula and interpreting the significance of the result. drawing and interpretation of suppl
The newest 6 of 6 written questions. Open one to see it on the real paper.
- 0455/23 · May/June 2026 · Q3a[2]
Define ‘inelastic supply’.
See it on the paper → - 0455/22 · February/March 2026 · Q4a[2]
Give the formula for price elasticity of supply.
See it on the paper → - 0455/11 · October/November 2024 · Q7[1]
What is the price elasticity of supply of the good as the price increases from $5 to $10?
See it on the paper → - 0455/23 · October/November 2022 · Q1a[1]
Calculate the price elasticity of supply of Ecuador’s oil.
See it on the paper → - 0455/22 · October/November 2021 · Q3a[2]
Identify two determinants of price elasticity of supply.
See it on the paper → - 0455/22 · October/November 2019 · Q1c[2]
Using information from the extract, the price elasticity of supply (PES) of driverless cars.
See it on the paper →
What examiners said
Comprehensive responses • Most candidates knew at least a partially correct version of the formula for PES. • Many candidates used the correct terminology. Limited responses • Some candidates omitted ‘quantity’ from the formula ‘% change in quantity supplied’.
— Examiner report, February/March 2026, 0455/22 Q4(a) (Cambridge)
The majority of candidates correctly calculated the price elasticity using the formula –8 per cent/– 50 per cent, giving the answer as 0.16. Quite a few, mistakenly, gave the answer as ‘16 per cent’. Another common error was to invert the formula.
— Examiner report, October/November 2022, 0455/23 Q1(a) (Cambridge)
The two most popular determinants of price elasticity of supply identified were production time and ability to store the product. However, a relatively high proportion of candidates identified determinants of price elasticity of demand. Some mentioned factors that influence supply rather than specifically the factors that determine the extent to which supply adjusts to a change in price.
— Examiner report, October/November 2021, 0455/22 Q3(a) (Cambridge)
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