Economics Q
Authored by Benson Tan
Business
1st - 5th Grade
Used 1+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
What is the full name of PED
Price Elasticity of Demand
Price Elasicity of Demand
Price Elasticity of Demond
2.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Which of the following is not a characteristic of money?
Divisible
Scarce
Homogenous
Unstable in value
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What would not be an example of the working of the working of a market system?
A low price charged because of low quality of raw materials used
A high price charged for a product advertised by a football player
A low price charged for subsidised train travel
A high price charged because of technological research to produce the good
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
PES formula
%changed in price/%changed in quantity supplied
%changed in quantity supplied/%changed in price
Total cost/out put
%changed in quantity supplied/%changed in demand
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
If Benson’s household’s disposable income is 6.5 month and they’ve spent 39k food and rent. What is their APC
6
6.5
6.5/39
6/39
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