Metadata
Business & Economics Any Level Apply Medium-
Subject
Business & Economics
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Education level
Any Level
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Cognitive goals
Apply
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Difficulty estimate
Medium
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Tags
price elasticity, demand, revenue, pricing strategy, elasticity calculation
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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
Test students' ability to calculate and interpret own-price elasticity of demand (using percent and midpoint methods), classify elastic vs. inelastic demand, and apply those results to predict and justify pricing and total revenue outcomes in short, worked examples and brief strategy explanations.
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%
Mock data used for demo purposes.