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

    [elasticity, price elasticity, revenue, pricing, demand]

  • 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

    [Assess students' understanding of price elasticity of demand by testing calculation methods (point and arc elasticity, percentage change formula), classification (elastic, inelastic, unitary), key determinants (availability of substitutes, necessity vs luxury, time horizon, budget share), and implications for total revenue, pricing strategy, and tax incidence using both numerical problems and short conceptual explanations.]
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Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%

Mock data used for demo purposes.