Introduction to Microeconomics. Topic 6: Elasticity
English
Intermediate
The topic of the questions in this test are based on standard introductory level microeconomics textbook. For my class I am using Krugman & Wells’ Economics textbook. This test is based on theory provided in Topic 6: Elasticity. There are 30 questions in this test. You have maximum of 5 minutes to answer each question. Good luck! Note 1: Unless instructions state differently, the questions in this exam require using following formula to calculate the price elasticity of demand: PED={(Q2-Q1)/Q1}:{(P2-P1)/P1}. If question requires using midpoint formula, it will be explicitly noted. Note 2: When reporting the price elasticity of demand, we will ignore the negative sign and will report the absolute value.
Description
30
Questions
5 min
Per question
7:29
Average time
3.7
Contest Score
4
Participants
3 comments
Smart Tiger judge
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Educational explanations. 👍 Explanations cover why the correct answers are correct E.g.: #q1, #q2, #q3 etc
Dandy Kangaroo
Хороший, сложный тест. А что значит: результат в конкурсе 4 звёзды?
Dandy Kangaroo
Что это значит?
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