A-level Paper 1, June 2019Markets and Business Behaviour

A-level Paper 1, June 2019, Q1(c)

Explain one factor that is likely to determine the price elasticity of supply of new house builds.

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Context

Between 2016 and 2017 the average price of new build houses in the UK rose by an estimated 5.4%. Year Quantity of UK new house builds …

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Specification topics

Elasticity of supply

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