May/June 2026 Paper 11

2026 · 30 questions · 30 parts · 29 marks

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6Price Elasticity SupplyMedium1 mark
The diagram shows the supply curve for a good.
supply curve S for a good, price ($) on the vertical axis and quantity (units) on the horizontal axis; dashed lines show that at a price of $10 the quantity supplied is 100 units and at a price of $12 it is 140 units
What is the price elasticity of supply when the price rises from $10 to $12?