Elasticity of demand

Elasticity of demand

12th Grade - University

20 Qs

quiz-placeholder

Similar activities

Unit 1 Topic 2 Lesson 1 Historical Influences of US Gov't

Unit 1 Topic 2 Lesson 1 Historical Influences of US Gov't

9th - 12th Grade

21 Qs

PENGANTAR ILMU EKONOMI PRA UAS

PENGANTAR ILMU EKONOMI PRA UAS

University

20 Qs

BNV Quizizz

BNV Quizizz

10th Grade - University

20 Qs

The Age of Industrialisation Part 5

The Age of Industrialisation Part 5

10th Grade - Professional Development

19 Qs

Economic basics

Economic basics

9th - 12th Grade

20 Qs

EsP 9, Modyul 15: Lokal at Global na Demand

EsP 9, Modyul 15: Lokal at Global na Demand

9th - 12th Grade

20 Qs

Demand for Labour

Demand for Labour

11th - 12th Grade

20 Qs

Open Economy

Open Economy

University

15 Qs

Elasticity of demand

Elasticity of demand

Assessment

Quiz

Social Studies

12th Grade - University

Practice Problem

Hard

Created by

Yashpal ecoigncollege08@gmail.com

Used 31+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Elasticity is the measure of ___ .

responsiveness

change

price

need

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All such demand curves where quantity demanded is totally unresponsive to changes in price are called

perfectly elastic demand curve

perfectly inelastic demand curve

Unitary elastic demand curve

none of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Such horizontal demand curves, where quantity demanded is infinitely responsive to price changes, are called

Unitary elastic demand curve

perfectly inelastic demand curve

perfectly elastic demand curve

none of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Luxury goods tend to have an

elastic demand

inelastic demand

unitary demand

none of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Necessity goods tend to have an

elastic demand

inelastic demand

unitary demand

none of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cross elasticity of demand is:

negative for complementary goods

negative for substitute goods.

unitary for inferior goods

positive for inferior goods.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For which product is the income elasticity of demand most likely to be negative?

computer software

basketballs

used clothing

bread

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?