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Elasticity of Supply Quiz

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Elasticity of Supply Quiz

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About this activity

Supply elasticity concepts

Created by

Sukanya Mcleish
Sukanya Mcleish
Jamaica

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Elasticity of Supply Quiz
 

Elasticity of Supply QuizOnline version

Supply elasticity concepts

by Sukanya Mcleish
1

What is the shape of a perfectly elastic supply curve?

2

Which factor makes supply more elastic?

3

Which degree of elasticity has a PES value of zero?

4

What is the formula for calculating Price Elasticity of Supply (PES)?

5

A supply curve that runs through the origin ndicates PES is:

6

If the quantity supplied increases by 20% and price increases by 10%, the PES is:

7

A product is said to have an elastic supply when:

8

What does a perfectly elastic supply imply about PES?

9

which factor does NOT affect PES?

10

A PES value between 0 and 1 indicates:

 
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