Metadata
Business & Economics Grade 9-12 Apply Medium
View More
Metadata

  • Subject

    Business & Economics

  • Education level

    Grade 9-12

  • Cognitive goals

    Apply

  • Difficulty estimate

    Medium

  • Tags

    price elasticity, pricing strategy, revenue, demand, midpoint formula

  • 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' ability to calculate price elasticity of demand (point and midpoint), interpret elasticity coefficients for a variety of products, evaluate how price changes affect total revenue, and recommend pricing or revenue-maximizing strategies based on elasticity, substitutes, and necessity versus luxury classifications; include numeric calculations and brief written justifications.
Use
Remix
Export
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%

Mock data used for demo purposes.