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Practice modeIB ECONOMICS · PAPER 1 STYLE · TOPIC 2.6

Elasticity of Supply

50 complete question pairs. Each has part (a), worth 10 marks, and part (b), worth 15 marks.

0 with drafts1 hour 15 minutes suggested per pairOriginal practice material · Not an official IB examination
QUESTION 1 OF 50

Answer both parts

SL/HLEasy25 marks

Part (a)

10 marks

Explain what price elasticity of supply measures and how it differs from the slope of a supply curve.

Part (b)

15 marks

Using real-world examples, discuss whether an upward-sloping supply curve reveals how responsive producers are to price.

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Parts (a) + (b) · 25 marks

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