WorksheetsDemand Elasticity
Total questions: 12
Worksheet time: 16mins
Water has seen an increase in demand 8% this summer, while the price has decreased 12%
1.5 inelastic
1.5 elastic
.67 inelastic
.67 elastic
Wheat has seen a decrease in demand of 5%, while the price has increased 7%
1.4 inelastic
1.4 elastic
.71 inelastic
.71 elastic
Oil has seen a decrease in demand of 9%, while the price has increased 13%
1.44 inelastic
1.44 elastic
.69 inelastic
.69 elastic
Ford Trucks have seen a increase in demand of 27%, while the price has decreased 15%
.56 inelastic
.56 elastic
1.8 inelastic
1.8 elastic
Prada has seen a increase in demand of 70%, while the price has decreased 35%
.5 inelastic
.5 elastic
2 inelastic
2 elastic
Red Wing Shoes has seen a decrease in demand of 40%, while the price has increased 20%
.5 inelastic
.5 elastic
2 inelastic
2 elastic
Electricity has seen a decrease in demand of 14%, while the price has increased 18%
1.3 inelastic
1.3 elastic
.78 inelastic
.78 elastic
The medication known as insulin has seen a decrease in demand of 2%, while the price has increased 10%
5 inelastic
5 elastic
.2 inelastic
.2 elastic
Columbia Sports Wear has seen a decrease in demand of 57%, while the price has increased 24%
.42 inelastic
.42 elastic
2.4 inelastic
2.4 elastic
New York Giants Products have seen a decrease in demand of 90%, while the price has increased 1% (1W ... 7L Season)
.01 inelastic
.01 elastic
90 inelastic
90 elastic
164,000 New York Giants Jerseys were sold in 2006 at a price of $65. 10,000 New York Giants Jerseys were sold in 2018 at a price of $80.
.24 inelastic
.24 elastic
4.1 inelastic
4.1 elastic
In Covington, VA 1,700 frozen turkeys were sold in 2016 at an average price of $17. In Covington, VA 1,500 frozen turkeys were sold in 2017 at an average price of $27.
4.98 inelastic
4.98 elastic
.2 inelastic
.2 elastic
