Elasticity of Demand - 1

Elasticity of Demand - 1

12th Grade

10 Qs

quiz-placeholder

Similar activities

SOM TEST 2

SOM TEST 2

10th Grade - University

14 Qs

NAISHK YR11 ECON QUIZ

NAISHK YR11 ECON QUIZ

9th Grade - Professional Development

13 Qs

AQA Economics Vocabulary

AQA Economics Vocabulary

12th Grade

13 Qs

demand for labour quiz

demand for labour quiz

12th Grade

15 Qs

Aggregate Demand

Aggregate Demand

12th Grade

10 Qs

Demand Economics Vocabulary

Demand Economics Vocabulary

12th Grade

10 Qs

Economics Vocab #3

Economics Vocab #3

9th - 12th Grade

15 Qs

Economics - Perfect Competition

Economics - Perfect Competition

12th Grade

10 Qs

Elasticity of Demand - 1

Elasticity of Demand - 1

Assessment

Quiz

Education

12th Grade

Hard

Created by

Sujata Debnath

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Demand curve is parallel to X axis, in case of _______

Perfectly elastic demand

Perfectly inelastic demand

Relatively elastic demand

Relatively inelastic demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Rectangular hyperbola : ____________ :: Steeper demand curve :     Relatively inelastic demand.

Unitary elastic demand

Perfectly elastic demand

Relatively inelastic demand

Relatively elastic demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Elasticity resulting from infinite change in quantity demanded.

Relatively inelastic demand

Perfectly inelastic demand

Perfectly elastic demand

Relatively elastic demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

_________ explained the concept of elasticity of demand.

Pigou

Dr. Alfred Marshall

Adam Smith

Hicks

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The numerical value for relatively inelastic demand is _________.

Ed = 0

Ed = 1

Ed >1

Ed < 1

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The demand for salt is ________.

infinite elastic

elastic

unitary elastic

inelastic

7.

MULTIPLE SELECT QUESTION

30 sec • 5 pts

Following are the determinants for elasticity of demand:

Nature of commodity

Habits

Durability

Availability of substitutes

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?