11th Grade Determinants Of Demand Quizzes , Questions & Answers

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This quiz, titled 'Econ Review Part 3', tests understanding of price elasticity concepts in microeconomics, featuring calculations and theory-based questions.

Questions: 18 | Attempts: 850 | Last updated: Mar 21, 2025

Sample Question
If the price of a hotel room increases from $70 to $85 and the number of rooms booked decreases from 200 to 150, what would the price elasticity of demand equal? (absolute value)

0.68

0.91

1.10

1.48

None of the above

11th Grade Determinants Of Demand Quizzes , Questions & Answers

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