placeholder image to represent content

Price elasticity of demand

Quiz by Christopher Kempson

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can

edit the questions
save a copy for later
start a class game
automatically assign follow-up activities based on students’ scores
assign as homework
share a link with colleagues
print as a bubble sheet

Q 1/6
Score 0
If the price of a good increases by 10%, and the quantity demanded decreases by 5%, what is the price elasticity of demand?
29
0.2
2.0
1.5
0.5

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes

6 questions

Show answers

Q1
If the price of a good increases by 10%, and the quantity demanded decreases by 5%, what is the price elasticity of demand?
0.2
2.0
1.5
0.5
30s
Q2
Which of the following best represents a situation with perfectly inelastic demand?
Movie tickets for a popular film
Smartphones
Medicine for a life-threatening condition
Fashionable clothing
30s
Q3
What does it mean when a product has an elasticity of demand greater than 1?
The product's demand does not change with price.
The product is price inelastic.
The product's price does not affect its supply.
The product is price elastic.
30s
Q4
What does a price elasticity of demand of 0 indicate?
Relatively elastic demand
Unitary elastic demand
Perfectly inelastic demand
Perfectly elastic demand
30s
Q5
Which of the following goods is likely to have a more elastic demand?
Generic brand cereal
Salt
Tap water
Gourmet chocolates
30s
Q6
If a 15% increase in the price of a product leads to a 15% decrease in the quantity demanded, what is the product's price elasticity of demand?
1.5
1
0.5
2
30s

Teachers give this quiz to your class