Search Header Logo
  1. Resource Library
  2. Social Studies
  3. Economics
  4. Demand And Price Elasticity
  5. Demand Changes & Elasticity
Demand Changes & Elasticity

Demand Changes & Elasticity

Assessment

Presentation

Social Studies

11th - 12th Grade

Medium

Created by

Carlos Hill

Used 32+ times

FREE Resource

7 Slides • 4 Questions

1

Demand Changes & Elasticity

Slide image

2

Slide image

3

Slide image

4

Multiple Select

Which of the following determines the demand of a product? (check all that apply)

1

price of the good

2

consumer expectations

3

consumer's income

4

tastes and preferences

5

Slide image

6

Multiple Choice

Complementary goods typically rely upon ______for its demand.

1

loyal costumers

2

price

3

another good

7

Slide image

8

Slide image

9

Multiple Select

Products whose demand is "elastic" have the following qualities:

1

they are NOT a necessity

2

they can be easily substituted

3

they are a necessity

4

they can NOT be easily substituted

10

Slide image

11

Multiple Choice

Gas and electricity are examples of products with inelastic demand, because the change in price...

1

drastically impacts the demand

2

has little to no effect on the demand

3

causes people to buy much more

Demand Changes & Elasticity

Slide image

Show answer

Auto Play

Slide 1 / 11

SLIDE