Elasticity of Demand

Elasticity of Demand

Mrs. Stuart

Multiple Choice

Elasticity demand is a demand that is NOT sensitive to change.

• True

• False

Multiple Choice

Gas is inelastic. Our demand for it does not change, even if the price increases.

• True

• False

Multiple Choice

Apple juice is inelastic. Our demand for it doesn't change, even if the price increase?

• True

• False

Multiple Select

Check All That Apply: Check off all of the things that are elastic in price.

• Apple Juice

• Coke

• Chicken Breats

• Insulin

Multiple Select

Check All That Apply: Check off all of the things that are inelastic.

• Gas

• Insulin

• High Blood Pressure Medication

• Vitamin Supplements