Elasticity quizzes
39 quizzes by 35 users
This page gathers over 30 elasticity quizzes made by GoConqr users, covering price, income and cross elasticity of demand. School students, university students and professional candidates can practise elasticity questions, while teachers can find ready-made material. Pick a quiz to get started.
Quizzes
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12 questionsECO 231 test If the price of a good increases by 15%and the quantity demanded changes by 20%, then the price elasticity ...
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6 questionsChương 5 1. A life-saving medicine without any close substitutes will tend to have a. a small elasticity of demand. ...
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59 questionsPE Chapter 20b: Elasticity If demand is inelastic, an increase in the price of a good will cause total expenditures on the good to Sel...
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180 questionsMicroeconomics (FINAL EXAM) Which of the following statements is false?
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42 questionsEconomics (1) If the price elasticity coefficient of the demand curve for paper clips is equal to –1, demand is:
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38 questionsChapter 5 If the price elasticity of demand for apples is 0.8, then a 2.4% increase in the price of apples will decre...
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32 questionschapter 6 quiz a
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50 questionsExam 2 part 3
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44 questionsUntitled The price elasticity of demand measures how much
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31 questionsExam 2 part 1 Goods with many close substitutes tend to have
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20 questionsManagerial Economics - Week 2 Suppose we estimate that the demand elasticity for fine leather jackets is -0.7 at their current prices. Th...
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21 questionsChapter 5 Practice: Elasticity and its application A life-saving medicine without any close substitutes will tend to have
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16 questionsECO.5 1. In general, elasticity is
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11 questionsQuiz 4 Price elasticity of demand
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10 questionsEcon Chapter 5 A city wants to raise revenues to build a new municipal swimming pool next year. The mayor suggests that th...
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10 questionsElasticity Week 4 The price elasticity of demand is a measure of
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10 questionsEconomics chapter 2 quiz In an economic recession, which statement is most true?
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10 questionsEconomics chapter 4. AS level If a rightward shift of the supply curve leads to a 6 percent decrease in the price and a 5 percent increas...
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2 questionsECON 102 Chapter 6 How would the following changes in price affect total revenue? That is, would total revenue increase, decli...
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10 questionsUntitled If a fall in the price of good A increases the quantity demanded of good B,
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10 questionsChapter 2 If the demand curve shirts to the left and the equilibrium price is unchagned, the price elasticity of dema...
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10 questionsChapter 5 Graded: Elasticity and its applications Along which of these segments of the supply curve is supply most elastic?
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10 questionsMicroeconomics When is demand inelastic?
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6 questionsElasticity Review Set Ceteris paribus, demand is less elastic?
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9 questionsPrice elasticity of demand Quiz on Maximum and minimum pricing , created by Flora Halfhide on 20/02/2018.
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5 questionsTA - MARKET EQUILIBRIUM The price elasticity of demand is a measure of how much the quantity demanded of a good responds to a chang...
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10 questionsAP Microeconomics quiz The demand for school biology textbooks is inelastic. This happens because:
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8 questionsIncome Elasticity of Demand & Cross Elasticity of Demand Income elasticity of demand measures what?
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8 questionsPrice Elasticity of Demand What does PED measure?
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100 questionsMicro pt 2 The price elasticity of supply measures
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21 questions2015 economics elasticity what is the formula for price elasticity
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8 questionsConcept 4 Practice Quiz Price elasticity of demand is defined as:
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10 questionsAp Microeconomics Quiz Perfect Competition is the opposite of?
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10 questionsMicroeconomics What is an example of a homogenous product?
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10 questionsMicro Quiz PED line with 0 slope means it is
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4 questionsUntitled Question 1. A university decides to raise tuition fees to increase the total revenue it receives from stude...
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1 questionsUntitled In June of 2011, Netflix dramatically changed the pricing for its video rentals. Previously, subscribers co...
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7 questionsUntitled What is elasticity?
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1 questionsUntitled What is the formula to find the PED
More Elasticity resources
About elasticity quizzes
GoConqr OriginalWhat the elasticity quizzes cover
These quizzes offer questions on price elasticity of demand, income and cross elasticity of demand, and elasticity of supply. Some focus on a single measure; others combine elasticity with wider economics questions.
Start with Price Elasticity of Demand if you want to focus on what PED measures and how a price change relates to quantity demanded. For a wider set of measures, try Income Elasticity of Demand & Cross Elasticity of Demand.
Using quizzes to revise
Answer a set without looking at your notes, then revisit the questions you found difficult. The quiz on the applications of elasticity includes calculation questions, while the graded quiz on the same chapter includes questions about supply elasticity.
If you want to review a formula or definition before another attempt, switch to a mind map or flashcards on the Elasticity unit page. Then choose another quiz to continue your practice.
Frequently asked questions
Which quiz is a good place to start?
Price Elasticity of Demand is a useful starting point if you want to concentrate on PED. Its questions cover what the measure means and how a change in price relates to quantity demanded. Other quizzes include income, cross or supply elasticity questions.
Are these quizzes free to use?
Yes. Every quiz listed here is free to open, study and take without an account. The quizzes were made by GoConqr users, not by GoConqr. A free account also lets you save quiz scores and make your own quizzes, mind maps, flashcards and notes.
Which levels and exams do these quizzes suit?
The collection includes material for school and university study, as well as practice for professional candidates. Listed resources mention A-level Economics, IB Economics and AP Microeconomics. AP Microeconomics quiz is one option; other titles identify a course, chapter or topic rather than an exam.