Elasticity of Demand

1. What does a linear economy follow?

• Reuse → Recycle → Reduce
• Take → Make → Dispose
• Repair → Reuse → Recycle
• Circular loop

2. What is the main problem with the linear economy?

• Too expensive
• It creates constant waste and pollution
• It doesn’t use enough technology
• It makes products too durable

3. The “Story of Stuff” video mainly criticises which system?

• Circular
• Linear
• Sharing
• Mixed

4. In the linear model, where do most products end up?

• Landfills
• Repair shops
• Circular supply chains
• Donation centres

5. Which of the following is an example of linear production?

• Repair cafés
• Fast fashion (H&M)
• Clothing resale
• Recycling aluminium

6. What is the goal of the circular economy?

• Speed up consumption
• Eliminate consumer choice
• Keep resources in use for as long as possible
• Stop global trade

7. Which company uses the slogan “Don’t Buy This Jacket”?

• Zara
• Patagonia
• Tesla
• IKEA

8. Patagonia’s “Worn Wear” programme promotes what?

• Buying more clothes
• Repair and reuse
• Oil extraction
• Mining REEs

9. IKEA has pledged to be 100% circular by which year?

• 2025
• 2030
• 2040
• 2050

10. What is one feature of the circular economy?

• Throwaway culture
• Planned obsolescence
• Recycling and repair
• Unlimited extraction