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Elasticity Mastery Quiz

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Elasticity Mastery Quiz

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Test your elasticity knowledge in economics.

Created by

Montex
Montex
Canada

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Elasticity Mastery Quiz
 

Elasticity Mastery QuizOnline version

Test your elasticity knowledge in economics.

by Montex
1

What does PED stand for in economics?

2

If PED > 1, demand is _____ to price changes.

3

Which factor increases price elasticity of demand?

4

What is PES a measure of?

5

Which period makes demand more elastic?

6

What does a PED of -2 indicate?

7

Which determinant often makes demand more elastic?

8

If PES > 1, supply is _____ to price changes.

9

Which example best illustrates a normal good in income elasticity terms?

10

What does XED measure?

 
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