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Authored by S204-Riley Allen

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10 questions

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1.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Price Elasticity of Demand

2.

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15 mins • 1 pt

Cross-price elasticity of demand

3.

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15 mins • 1 pt

Income elasticity of demand

4.

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15 mins • 1 pt

Price elasticity of supply

5.

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Midpoint Method

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Midpoint Method

change in X / average value of X * 100

% change in quantity demanded / % change in price

% change in quantity for one good demanded / % change in price of another good

% change in quantity demanded / change in income

% change in quantity supplied / % change in price

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Price elasticity of supply

change in X / average value of X * 100

% change in quantity demanded / % change in price

% change in quantity for one good demanded / % change in price of another good

% change in quantity demanded / change in income

% change in quantity supplied / % change in price

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