Price elasticity of supply

Figure 3 below shows the supply curve (S) for cakes.

Which one of the following can be concluded from Figure 3 ?

The supply of cakes

Extract B (lines 3–4) states that ‘Universities have expanded the number of places on offer to students, but the supply of student accommodation is highly inelastic’.

With the help of a diagram, explain the impact of the increase in the number of students attending university on the market for student accommodation.

Explain possible reasons for fluctuations in the world market price of tea.

Which one of the following is a reason why the supply of cars is likely to be price elastic in the short run when the price of cars increases?

The diagram below shows two market demand curves (D₁ and D₂) and the market supply curve (S), for Good X.

The price elasticity of supply of Good X when the demand curve shifts from D₁ to D₂ is