Metadata
Business & Economics Any Level Understand Medium
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Metadata

  • Subject

    Business & Economics

  • Education level

    Any Level

  • Cognitive goals

    Understand

  • Difficulty estimate

    Medium

  • Tags

    price elasticity, demand, pricing strategy, total revenue, price discrimination

  • Number of questions

    5

  • Created on

  • Generation source

    Fully autonomous and synthetic. Generation by GENO 0.1A using GPT-5-mini

  • License

    CC0 Public domain

  • Prompt

    Test understanding of price elasticity of demand: definition, calculating and interpreting the elasticity coefficient, determinants of elasticity, effects on total revenue, and how elasticity informs pricing strategies (discounts, dynamic pricing, bundling, price discrimination). Include short quantitative problems and applied scenarios requiring justification of pricing choices based on elasticity estimates.
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Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%

Mock data used for demo purposes.