A Level Economics (9708)•9708/14/M/J/22

Explanation
Identical price changes imply equal supply elasticities
Steps:
- Compute percentage change in price for all goods: (10 - 5)/5 × 100% = 100%.
- Price elasticity of supply (Es) = (%ΔQs) / (%ΔP); with identical %ΔP, Es depends on %ΔQs.
- If each good's quantity supplied doubles (100% increase), Es = 100%/100% = 1 for all.
- Thus, all three goods have Es equal to 1.
Why A is correct:
- Es equals 1 for unit elastic supply, where %ΔQs matches %ΔP exactly, applying uniformly here per the scenario.
Why the others are wrong:
- B: Assumes varying responsiveness, but no evidence of differing %ΔQs across goods.
- C: Implies increasing elasticity without data showing progressively larger %ΔQs.
- D: Incomplete phrasing, but suggests inequality unsupported by equal price changes.
Final answer: A
Topic: Price elasticity of supply
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