Cambridge International (CAIE) · 2 The price system and the microeconomy (AS) · 2.3 Price elasticity of supply

Cambridge International (CAIE) Economics past paper questions: Price elasticity of supply

Every Cambridge International (CAIE) question on Price elasticity of supply from 2023 to 2025: 1 essay and 9 multiple choice questions. It covers 2.2 Price elasticity, income elasticity and cross elasticity of demand, 2.1 Demand and supply curves, 6.4 Exchange rates, 1.6 Classification of goods and services and 2.5 Consumer and producer surplus. Each question links to its paper, mark scheme and examiner report.

Filter these in the tool

Subtopics2.2 Price elasticity, income elasticity and cross elasticity of demand 42.1 Demand and supply curves 26.4 Exchange rates 11.6 Classification of goods and services 12.5 Consumer and producer surplus 12.4 The interaction of demand and supply 1

Essay questions on price elasticity of supply

Multiple choice questions

  1. AS Paper 1, June 2025, Q8

    The diagram shows the short-run supply curve (SSR) and long-run supply curve (SLR) for a bakery. The price of a loaf of bread increases from $2.00 to $2.20. What is the bakery’s price elasticity of supply (PES) in the short run and in the…

  2. AS Paper 1, March 2025, Q6

    What will influence the value of the price elasticity of supply of a good?

  3. AS Paper 1, November 2024, Q7

    A firm produces a good using a very labour-intensive process. There is an increase in the price of the good. Under which conditions will the supply of the firm’s good be most price elastic?

  4. AS Paper 1, November 2024, Q9

    The diagram shows four supply curves. Which curve has a price elasticity of supply of 1 for all levels of quantity supplied?

  5. AS Paper 1, June 2024, Q7

    The diagram shows the movement of the supply curve for a product from S1 to S2. At price P, what happens to the price elasticity of supply for the product and the producer surplus when the supply curve moves?

  6. AS Paper 1, March 2024, Q9

    The price elasticity of the supply of yoghurt is estimated to be +1.5. If the demand for yoghurt rises and price rises by 20%, how much more will be supplied to the market?

  7. AS Paper 1, November 2023, Q13

    What is the most likely cause of the continuous increase in prices of famous paintings by now dead artists?

  8. AS Paper 1, June 2023, Q11

    The diagram shows the supply curve of a firm. Which statement about the price elasticity of supply (PES) along this curve is correct?

  9. AS Paper 1, March 2023, Q6

    Which diagram illustrates unitary elasticity of supply?

Question text is quoted from the question papers, © Cambridge University Press & Assessment (UCLES), for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.