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12th Grade Determinants Of Demand Quizzes, Questions & Answers

12th Grade

Top Trending Determinants Of Demand Quizzes

Mastering Price Elasticity of Demand: An Interactive Quiz

Explore the concept of price elasticity of demand in this focused assessment. Understand how price changes influence consumer demand and apply this knowledge to real-world economic scenarios. Ideal for students and professionals...

Questions: 29  |  Attempts: 41   |  Last updated: Aug 4, 2025
  • Sample Question 1
    What does the price elasticity of demand coefficient measure?
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  • Sample Question 2
    What is the basic formula for the price elasticity of demand coefficient?
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Econ Review Part 3

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

Questions: 18  |  Attempts: 836   |  Last updated: Mar 21, 2025
  • Sample Question 1
    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)
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  • Sample Question 2
    If QuikTrip decreases the price of 32 ounce soft drinks in the summer from $0.79 to $0.39 and the number purchased increases from 230 to 770, what would the price elasticity of demand equal? (absolute value)
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