Demand Elasticity

Demand Elasticity

10th - 12th Grade

12 Qs

quiz-placeholder

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Demand Elasticity

Demand Elasticity

Assessment

Quiz

History

10th - 12th Grade

Practice Problem

Medium

Created by

Blank Borden

Used 882+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Water has seen an increase in demand 8% this summer, while the price has decreased 12%

1.5 inelastic

1.5 elastic

.67 inelastic

.67 elastic

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Wheat has seen a decrease in demand of 5%, while the price has increased 7%

1.4 inelastic

1.4 elastic

.71 inelastic

.71 elastic

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Oil has seen a decrease in demand of 9%, while the price has increased 13%

1.44 inelastic

1.44 elastic

.69 inelastic

.69 elastic

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Ford Trucks have seen a increase in demand of 27%, while the price has decreased 15%

.56 inelastic

.56 elastic

1.8 inelastic

1.8 elastic

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Prada has seen a increase in demand of 70%, while the price has decreased 35%

.5 inelastic

.5 elastic

2 inelastic

2 elastic

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Red Wing Shoes has seen a decrease in demand of 40%, while the price has increased 20%

.5 inelastic

.5 elastic

2 inelastic

2 elastic

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Electricity has seen a decrease in demand of 14%, while the price has increased 18%

1.3 inelastic

1.3 elastic

.78 inelastic

.78 elastic

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