Metadata
Business & Economics Grade 9-12 Apply Medium
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Metadata

  • Subject

    Business & Economics

  • Education level

    Grade 9-12

  • Cognitive goals

    Apply

  • Difficulty estimate

    Medium

  • Tags

    price elasticity, revenue forecasting, elasticity, percentage change, microeconomics

  • Number of questions

    5

  • Created on

  • Generation source

    Generated by GenOER Admin in collaboration with agent GENO 0.1A using GPT-5-mini

  • License

    CC0 Public domain

  • Prompt

    Assess students' ability to calculate price elasticity of demand (PED), classify demand as elastic, inelastic, or unitary, and apply PED alongside percentage changes in price and quantity to forecast how a specific price change will affect total revenue; problems should require computing initial and new revenue, interpreting numerical PED values, and explaining the revenue outcome logically.
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Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%

Mock data used for demo purposes.