Back to the full dot-point answer
EnglandEconomicsQuick questions
Microeconomics: Markets and the price system
Quick questions on Elasticities of demand and supply - Eduqas A-Level Economics (A520)
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
A good has a YED of . State what type of good this is and explain. [3 marks]
What is q2?Show answer
Explain why the supply of agricultural products is often price-inelastic in the short run. [4 marks]
Have a question we have not covered?
This dot-point answer is short enough that we have not extracted many short questions yet. Read the full dot-point answer or ask Mo, our study assistant, in the chat for follow ups.