
Demand Elasticity
Authored by RoseMarie McGill
Social Studies
9th - 12th Grade
Used 12+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A complement example would be all except
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When replacing a certain item with with a less costly item is an example of
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Buying one ice-cream instead of two at lunch describes what concept
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
When consumers have a need for a product that is urgent,
the demand curve is inelastic
the demand curve is elastic
the demand curve is complementary
the demand curve is unit demand
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Products that can be used in a place of other products
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
An increase in demand will shift the demand curve...
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Describe your demand for a product if you buy the same amount of it or just a small amount less after a large price increase.
elastic
unitary elastic
inelastic
hyperelastic
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