An Amateur Econ Quiz by YoDa.
Price Elasticity of Supply
Price Elasticity of Demand
Income Elasticity of Demand
Cross-Price Elasticity of Demand
Income Elasticity of Demand
Time Elasticity of Demand
Close Substitute Elasticity of Demand
Cross-Price Elasticity of Demand
Market Elasticity of Demand
Elastic
Inelastic
Unit Elastic
Remain the Same
The quantity supplied drops in great amount.
The quantity demanded falls slightly.
The quantity demanded drops in great amount.
The quantity supplied falls slightly.
The quantity demanded increases substantially.
Elastic
Inelastic
Unit Elastic
Superior
Inferior
5/4, Complements
4/5, Complements
5/4, Substitutes
4/5, Substitutes
Increase by 2250 acres
Decrease by 2250 acres
Increase by 15 acres
Decrease by 15 acres
Remain the Same