11th Grade Price Elasticity Quizzes, Questions & Answers

Spark curiosity and test your child’s 11th grade Price Elasticity knowledge with our engaging quizzes! Read more

Price Elasticity Quizzes By Grade

11th Grade

Top Trending Price Elasticity Quizzes

Eco 102 H Review (Chapter 5: Elasticity And Its Application)
Eco 102 H Review (Chapter 5: Elasticity And Its Application)

Choose the BEST answer. Read the explanation if there is. 

Questions: 34  |  Attempts: 320   |  Last updated: Mar 22, 2025
  • Sample Question 1
    Elasticity measured the magnitude of how much buyers and sellers respond to changes in market conditions.
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  • Sample Question 2
    The price elasticity of demand measures how willing consumers are to buy less of the good as its price decreases. 
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Microeconomics Quiz: Elasticity & Its Application
Microeconomics Quiz: Elasticity & Its Application

Microeconomics Quiz: Elasticity & Its Application. Demand and supply are what holds a market, and elasticity is the measure through which variable changes as a result of another variable. Demand can either be elastic or...

Questions: 26  |  Attempts: 9422   |  Last updated: Sep 1, 2025
  • Sample Question 1
    If the quantity demanded of a good is sensitive to a change in the price of that good, demand is said to be price inelastic. 
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  • Sample Question 2
    Using the mipoint method to calculate elasticity, if an increase in the price of pencils from 10 cents to 20 cents reduces the quantity demanded from 1,000 pencils to 500 pencils, then the demand for pencils is unit price elastic. 
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