Metadata
Business & Economics Undergraduate Understand Medium
View More
Metadata

  • Subject

    Business & Economics

  • Education level

    Undergraduate

  • Cognitive goals

    Understand

  • Difficulty estimate

    Medium

  • Tags

    elasticity, demand, pricing, revenue, substitutes, firm strategy

  • 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 and interpret price elasticity of demand coefficients, explain key determinants (availability of substitutes, necessity vs luxury, time horizon, expenditure share), and apply these concepts to firm revenue and pricing decisions (effects on total revenue, markup strategy, and optimal price changes).
Use
Remix
Export
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%

Mock data used for demo purposes.