PED DP1
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PED DP1
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Medium
Julia Peters
Used 1+ times
FREE Resource
Enhance your content in a minute
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does PED stand for?
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How is PED calculated?
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does a PED greater than 1 indicate?
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If PED is less than 1, the product is considered?
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When PED is equal to 1, the demand is?
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A necessity good typically has which kind of demand?
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Luxury goods usually have what kind of PED?
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