📊 <strong>Data Table for Reference</strong>

📊 <strong>Data Table for Reference</strong>

11th Grade

•

15 Qs

quiz-placeholder

Similar activities

AS Economics Elasticities

AS Economics Elasticities

11th Grade

•

20 Qs

Price Mechanism Review

Price Mechanism Review

11th Grade

•

15 Qs

Entrepreneurship Chapter 2

Entrepreneurship Chapter 2

10th - 12th Grade

•

20 Qs

IB Business Management 4.5 Price Elasticity of Demand HL

IB Business Management 4.5 Price Elasticity of Demand HL

9th Grade - University

•

15 Qs

Price Elasticity of Demand (PED)

Price Elasticity of Demand (PED)

11th - 12th Grade

•

13 Qs

Elasticity of Demand Quiz

Elasticity of Demand Quiz

11th Grade

•

12 Qs

Elasticity of Demand

Elasticity of Demand

11th Grade

•

12 Qs

Ch 4 5 6 Demand & Supply

Ch 4 5 6 Demand & Supply

11th - 12th Grade

•

19 Qs

📊 <strong>Data Table for Reference</strong>

📊 <strong>Data Table for Reference</strong>

Assessment

Passage

•

Business

•

11th Grade

•

Hard

Created by

NILOFER ALAMBATH

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If PED = -2.5, the demand is:

Perfectly inelastic

Inelastic

Elastic

Unitary elastic

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business increases the price of its product by 10%, and demand falls by 15%. What is the PED?

-0.67

-1.5

-0.15

1.5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a good has a positive income elasticity of demand, it is likely to be:

Inferior

Normal

Complementary

Inelastic

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will most likely have inelastic demand?

Designer handbags

Salt

Airline tickets

Smartphones

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An income elasticity of demand (YED) of -0.8 indicates:

A luxury good

A normal good

An inferior good

Unitary elasticity

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The formula for price elasticity of demand is:
PED = __________ / __________

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  • A PED value greater than 1 indicates that demand is __________.

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?