Metadata
Business & Economics Undergraduate Understand Medium
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Metadata

  • Subject

    Business & Economics

  • Education level

    Undergraduate

  • Cognitive goals

    Understand

  • Difficulty estimate

    Medium

  • Tags

    elasticity, pricing, total revenue, tax incidence, demand, microeconomics

  • 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 understanding of price elasticity of demand (point and arc methods), classification (elastic, inelastic, unitary), and how elasticity informs firm pricing decisions, changes in total revenue from price moves, and the incidence of taxes; includes numerical elasticity calculations and short analytical explanations applying concepts to firm and policy scenarios.
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Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%

Mock data used for demo purposes.