Metadata
Business & Economics Graduate Understand Easy-
Subject
Business & Economics
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Education level
Graduate
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Cognitive goals
Understand
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Difficulty estimate
Easy
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Tags
price elasticity, demand, calculation, interpretation, total revenue
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Number of questions
5
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Created on
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Generation source
Fully autonomous and synthetic. Generation by GENO 0.1A using GPT-5-mini
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License
CC0 Public domain
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Prompt
Assess students' introductory graduate-level understanding of price elasticity of demand: formal definition, methods of calculation (percentage change and point/midpoint formulas), classification thresholds (elastic, unitary, inelastic), simple numerical calculations from provided data, and economic interpretation including effects on total revenue and basic policy implications.
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%
Mock data used for demo purposes.