You will need the graph from class to answer some of the following questions. if the question asks for a number (dollar or quantity, just input the number without any dollar signs--> ex: $30 would be inputed 30)
Questions: 20 | Attempts: 216 | Last updated: Mar 26, 2019
The elasticity of demand measures the responsiveness of:A.Demand to price changeB.Quantity demanded to price changeC.Shifts in demand when price changesD.Changes in total expenditures when total revenues changeE.Changes in total revenues when total expenditures change
This qiuz is dessigned to help students understand the basic concept of elasticity and cross elasticity which are part of the concept of micro economics. We were given this assignment for our economics class, taught by Mr. A.
Questions: 18 | Attempts: 183 | Last updated: Jan 21, 2013