Elasticity of Demand and Supply · CSEC Economics

21 past-paper questions on Elasticity of Demand and Supply, part of Section 3: Demand and Supply, from every CSEC Economics paper on Quelpr.

1. 7(c)5 marks· CSEC Economics · May/June 2007 · Paper 2Explain TWO determinants of the price elasticity of demand for BMW vehicles.
2. 6(a)(i)2 marks· CSEC Economics · May/June 2008 · Paper 2Define the term 'price elasticity of demand'.
3. 6(a)(ii)2 marks· CSEC Economics · May/June 2008 · Paper 2Define the term 'income elasticity of demand'.
4. 6(b)3 marks· CSEC Economics · May/June 2008 · Paper 2Identify TWO determinants of price elasticity of demand, and ONE determinant of income elasticity of demand.
5. 6(c)5 marks· CSEC Economics · May/June 2008 · Paper 2Using an example, explain what a zero cross elasticity result represents.
6. 7(d)(i)4 marks· CSEC Economics · May/June 2009 · Paper 2Outline TWO factors that might affect the price elasticity of supply of sugar.
7. 5(d)(i)4 marks· CSEC Economics · May/June 2010 · Paper 2Discuss TWO factors that would affect the elasticity of demand for wheat.
8. 2(a)(i)2 marks· CSEC Economics · May/June 2011 · Paper 2Define income elasticity of demand.
9. 2(a)(ii)2 marks· CSEC Economics · May/June 2011 · Paper 2Define cross elasticity of demand.
10. 2(b)1 mark· CSEC Economics · May/June 2011 · Paper 2Identify ONE factor that affects income elasticity of demand.
11. 2(c)6 marks· CSEC Economics · May/June 2011 · Paper 2Explain TWO factors that affect price elasticity of demand.
12. 2(d)(i)3 marks· CSEC Economics · May/June 2011 · Paper 2Using the information in Table 1, calculate the price elasticity of demand for Product X when the price changes from US 5 to US 3.
13. 2(d)(ii)1 mark· CSEC Economics · May/June 2011 · Paper 2Interpret the result obtained in (d)(i).
14. 7(d)8 marks· CSEC Economics · May/June 2014 · Paper 2Explain the statement regarding gasoline price hike in the context of cross elasticity of demand.
15. 1(b)3 marks· CSEC Economics · May/June 2015 · Paper 2List THREE factors that affect the price elasticity of demand.
16. 1(d)4 marks· CSEC Economics · May/June 2015 · Paper 2Calculate the price elasticity of supply when the price per sno-cone changes from 2 to 4.
17. 5(a)(ii)2 marks· CSEC Economics · May/June 2015 · Paper 2Define the term 'Income elasticity of demand'.
18. 2(d)(i)3 marks· CSEC Economics · May/June 2016 · Paper 2Calculate the cross-price elasticity of demand using the provided information.
19. 2(d)(ii)1 mark· CSEC Economics · May/June 2016 · Paper 2Determine the classification of Good A in relation to Good B based on the result obtained in (d)(i).
20. 6(a)2 marks· CSEC Economics · May/June 2016 · Paper 2Define the term 'price elasticity of supply'.
21. 6(b)3 marks· CSEC Economics · May/June 2017 · Paper 2List THREE factors that affect the price elasticity of demand.