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, total revenue, demand, elasticity calculations, percent change

  • Number of questions

    5

  • Created on

  • Generation source

  • License

    CC0 Public domain

  • Prompt

    Assess students' ability to apply price elasticity of demand to predict how given price changes (percentage or absolute) affect quantity demanded and total revenue; tasks include calculating elasticity from data or functions, classifying demand as elastic/inelastic/unitary, computing TR = P×Q before and after a price change, and explaining the direction and magnitude of revenue changes.
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Attempts
100
Average Score
100%

Mock data used for demo purposes.