Chapter 4 Demand: Elasticity
Authored by Jessica Butler
Social Studies
10th Grade
Used 4+ times
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13 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Elasticity of Demand - measures the buyers sensitivity to _____ _______
(a)
2.
DRAG AND DROP QUESTION
1 min • 1 pt
(a) demand - price changes have little effect on the quantity you buy.
(b) demand - price changes have a significant effect on the quantity you buy.
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Inelastic demand means that price changes have (a) effect on the quantity you buy.
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
elastic demand means that price changes have (a) effect on the quantity you buy
5.
DRAG AND DROP QUESTION
1 min • 1 pt
Are there substitutes available?
No - Prices (a) affect your demand much ( (b) )
yes - price (c) affect your demand much ( (d) )
6.
CATEGORIZE QUESTION
3 mins • 1 pt
Organize these options by the type of Elasticity it is associated with
Groups:
(a) Inelastic Demand
,
(b) Elastic Demand
a large portion of income is spent on the item
price changes have significant effect on demand
short-term
Necessities
price changes have little effect on demand
a small portion of income is spent on the item
Luxuries
long-term
7.
DRAG AND DROP QUESTION
1 min • 1 pt
Necessities have (a) Demand
Luxuries have (b) Demand
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