This quiz, titled 'Econ Review Part 3', tests understanding of price elasticity concepts in microeconomics, featuring calculations and theory-based questions.
0.64
0.77
0.93
1.59
None of the above
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Soft drink at a gas station
Soft drink at a movie theater
Soft drink at a mall
Soft drink on a college campus
Soft drink at a grocery store
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A chair from Rooms to Go
An antique Queen Anne chair
A UGA lawn chair
Lazy chair recliner
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A hot dog and soft drink at an NFL stadium
Heart surgery
A gallon of gasoline
Eddie Bauer jeans
None of the Above
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Perfectly inelastic demand
Relatively inelastic demand
Demand of unitary elasticity
Relatively elastic demand
Perfectly elastic demand
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Perfectly inelastic demand
Relatively inelastic demand
Demand of unitary elasticity
Relatively elastic demand
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True
False
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True
False
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True
False
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True
False
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Increase
Decrease
no change
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True
False
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True
False
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Inflation is on the vertical axis and unemployment is on the horizontal axis.
Unemployment is on the vertical axis and inflation is on the horizontal axis.
Price is on the vertical axis and unemployment is on the horizontal axis.
Price is on the vertical axis and employment is on the horizontal axis.
Employment is on the vertical axis and price is on the horizontal axis.
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True
False
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True
False
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A Volvo built by Ford in Gothenburg, Sweden
A Hyundai built in Montgomery, Alabama
A Corvette built in Bowling Green, Kentucky by General Motors
All of the above
B and C only
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Quiz Review Timeline (Updated): Mar 21, 2023 +
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