Quiz (W3)

  • Due Sep 29, 2019 at 11:59pm
  • Points 5
  • Questions 5
  • Available Sep 23, 2019 at 12am - Oct 18, 2019 at 11:59pm
  • Time Limit 30 Minutes

Instructions

In the following questions, choose the correct answer.  

Recall that Price Elasticity of Demand (Ed) is the % change in quantity demanded divided by the % change in price, where:

Ed > 1 is elastic, Ed < 1 inelastic, Ed = 1 unit elastic

Note that we use the absolute value in stating Ed.

You have 30 minutes to answer the 5 questions. 

 

Only registered, enrolled users can take graded quizzes