Search Header Logo

Factors of PED change

Authored by Cross Swiftfoot

Social Studies

11th Grade

Used 1+ times

Factors of PED change
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand will be price________ if there are only a few substitutes products.

Elastic

Inelastic

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand will be price________ if there are a lot of substitutes products.

Elastic

Inelastic

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The longer the period of the shortage, the longer time for the consumer to find the _________

Substitutes products

Another stores

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cheaper the product, the more likely it be to be price________.

Elastic

Inelastic

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The more expensive the product, the more likely it be to be price________.

Elastic

Inelastic

6.

OPEN ENDED QUESTION

3 mins • 2 pts

Mention examples of 3 products that have only a few substitute products.

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

3 mins • 2 pts

Mention examples of 3 pricy products that would likely to be price inelastic.

Evaluate responses using AI:

OFF

Access all questions and much more by creating a free account

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

Already have an account?