Price elasticity of demand on a linear demand curve at the Y-axis is equal to _____.

Elasticity of Demand - 3

Quiz
•
Education
•
12th Grade
•
Hard
Sujata Debnath
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Zero
one
infinite
Greater than one
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Elasticity resulting from a proportionate change in quantity demanded due to a proportionate change in price.
Perfectly elastic demand
Unitary elastic demand
Relatively elastic demand
Perfectly inelastic demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Demand for luxury goods is _________.
inelastic
elastic
infinite inelastic
unitary elastic
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When factors are available in abundance the demand for factors is_______
Relatively elastic
Relatively inelastic
Perfectly inelastic
Unitary elastic
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Those commodities whose demand is relatively inelastic will be taxed more because it will not affect their demand much and vice-versa.
Agree
Disagree
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Find odd word out:
Salt
Milk
Water
Soft drinks
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Change in quantity demanded of one commodity due to a change in the price of other commodity is ___________ elasticity.
Price elasticity
Income elasticity
Cross elasticity
Create a free account and access millions of resources
Similar Resources on Wayground
10 questions
Economics Quiz Supply and Demand

Quiz
•
9th - 12th Grade
10 questions
Microeconomics Quiz

Quiz
•
11th - 12th Grade
10 questions
Economics - Perfect Competition

Quiz
•
12th Grade
10 questions
business management

Quiz
•
11th - 12th Grade
12 questions
Economics questions by Fundação Econo

Quiz
•
12th Grade
14 questions
Elasticity of Demand - 4

Quiz
•
12th Grade
12 questions
Economics Unit 2 Review

Quiz
•
12th Grade
12 questions
Econ 2 Quiz - Inflation

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade