PED & YED
Quiz
•
Social Studies
•
9th - 12th Grade
•
Practice Problem
•
Medium
Julia Peters
Used 6+ times
FREE Resource
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28 questions
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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 negative PED indicate?
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When is demand considered elastic?
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When is demand considered inelastic?
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is unitary elastic demand?
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Primary commodities tend to have which type of PED?
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